Welcome to Seeking Alpha's Wall Street breakfast, where we cover the top news for investors every morning.

Good morning. Today is Wednesday, September 20th, then I'm your host, Julie Morgan.

Clavio prices its IPO and starts trading today.

Uber may be forced to increase prices by 40% in the EU,

and Exxon says the company's focus for the future is not on EV charging stations.

Clavio has priced its initial public offering of 19.2 million shares at an initial public offering price of $30 per share above its top range.

The offering consists of 11.51 million shares offered by Clavio and 7.69 million shares to be sold by existing stockholders.

Underwriters will have a 30-day option to purchase an additional 2.88 million shares

from the selling stockholders.

The gross proceeds for Clavio from the offering

are expected to be more than $345 million.

The offering is expected to close on September 22nd and the trading is expected to kick off today September 20th.

This is on the heels of Instac's IPO and NASDAQ debut on Tuesday.

The stock was up as much as 40% Tuesday, but it didn't end that way. It gained 12%.

An Uber executive is warning that the European Union's proposed rules for gig workers

could force the company to raise prices by as much as 40% and even shut down in hundreds

of cities. Annabel Diaz, the regional general manager

of Uber's mobility business in Europe,

told the Financial Times in an interview

that if Brussels forces Uber to reclassify drivers and couriers across the EU, they could expect to see a 50 to 70 percent reduction in work opportunities.

Diaz also warned that if the drivers are given the same rights as full-time workers,

Uber will be forced to increase prices for customers.

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