Uber is aiming for a valuation of about $80 billion to $90 billion in its initial public offering, an amount just above Uber's last private funding round but below earlier targets.
The ride-hailing company is planning to start marketing shares to potential investors in a price range of about $44 to $50 each, said the people, who asked not to be identified because the matter isn’t public.
Last year, bankers jockeying to lead the offering told Uber it could be valued at as much as $120 billion in an IPO. Some recent big listings by technology unicorns have seen valuations come back down to earth after years of access to huge pools of private capital., have since dropped 22% to well below their IPO price. Uber’s ride-hailing rival had a market value of $16.1 billion as of Thursday, much closer to its last private funding round at $15.1 billion.
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