Drone taxi company EHang stock opens year lower than its IPO price

Will 2020 be the year of drone taxis? I'm going to peg it on'unlikely.' Drone taxi company EHang, which made its debut on the stock market in December 2019 with a public offering price of $12.50 per share, opened on its first trading day of 2020 in the $10 realm. But $10 might not be too shabby. While EHang stock hit as high as $13.70 per share, it has also dipped as low as $7.84 in the short timespan that it's been on the public market.