Uber is preparing for its public debut on the New York Stock Exchange on Friday.
div > div.group > p:first-child"> At the IPO price of $45 per share, the company will be valued on a non-diluted basis at about $75.46 billion, which will put the stock's market cap right around the size of Caterpillar's and make it one of the most valuable companies ever to go public. On a fully diluted basis, Uber has an implied market valuation of $82.4 billion.
A ride-hailing pioneer and Silicon Valley darling, Uber made on-demand transportation a new norm throughout the world, while accumulating massive losses and controversy along the way. "Uber is a great reminder to venture capitalists that the biggest opportunities lie in our most common needs as humans," said Shawn Carolan, an early Uber investor and partner at Menlo Ventures."When a start-up presents, look beyond the current product, which often feels trivial, to the underlying need being served. An on-demand black car service was easy to dismiss, but nearly everyone needs transportation.
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