Traders gather at post where Uber Technologies Inc. holds it's IPO on the floor of the New York Stock Exchange (NYSE) in New York, U.S., May 10, 2019. REUTERS/Brendan McDermid

NEW YORK (Reuters) - Uber Technologies Inc’s stock on Friday opened down 6.7 percent in its first trade on the New York Stock Exchange, in the most high-profile U.S. market debut since Facebook Inc seven years ago.

It was a landmark moment for the decade-old company, which was started after its founders struggled to find a cab on a snowy night and has grown into the world’s largest ride-hailing company.

Uber shares debuted at $42. Its initial public offering on Thursday was priced at $45, at the lower end of its $44 to $50 per share target range.