Uber sets $44-$50 per share for IPO, prices it hopes will value the ride-share start-up between $80 billion and $90 billion
The entrance sign to the Uber Greenlight Hub is seen in the Brooklyn borough of New York, US. April 12, 2019.
Uber also said PayPal had agreed to purchase $500 million of stock in a private placement at the price the IPO eventually settles at. In the filing, Uber also reported a net loss attributable to the company for the first quarter of 2019 of around $1 billion and revenues of roughly $3 billion. Uber will face a host of questions from investors, including when it may turn a profit, how it will navigate the transition to autonomous vehicles and whether its business model can support higher driver costs from minimum wage rules.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Uber is reportedly setting a price range of $44 to $50 for its upcoming IPOUber expected to set its IPO price range of $44 to $50, according to Bloomberg.
Read more »
Uber to kick off investor roadshow with IPO terms on FridayRide-hailing company Uber Technologies Inc will unveil terms for its initial pub...
Read more »
Uber to kick off investor road show with IPO terms on FridayRide-hailing company Uber Technologies Inc will unveil terms for its initial pub...
Read more »
PayPal is investing $500 million into Uber as part of its $90 billion IPOUber said PayPal was buying $500 million in stock at IPO price.
Read more »
Uber sets terms for IPO, posts $1 billion first-quarter lossRide-hailing company Uber Technologies Inc is aiming for a valuation of up to $9...
Read more »
Eye-Catching Hidden Message For Uber IPO In Self-Driving Tech Investor DealUber is on-the-road pitching its IPO and the recent $1 billion investment by SoftBank, Toyota and Denso is a good sign, including having a hidden message that provides a type of insurance policy needed vitally at this juncture of their IPO preparations.
Read more »
Uber Chooses Citadel Securities to Handle Its IPOUber has chosen electronic-trading giant Citadel Securities to manage its hotly anticipated initial public offering on the New York Stock Exchange.
Read more »
Beyond Meat sets IPO terms, to raise $184 million and be valued at $1.2 billionBeyond Meat has set terms for its initial public offering, with the plant-based meat maker expected to raise up to $183.8 million and be valued at $1.21 billion. The El Segundo, Calif.-based company is offering 8.75 million shares in the IPO, which is expected to price between $19 to $21 a share. If the underwriters exercise all the options granted to cover overallotments, the company could raise up to $211.3 million. The company plans to use the proceeds from the IPO to invest in current and additional manufacturing facilities and expand research and development. Beyond Meats will have 57.43 million shares outstanding after the offering. The stock is expected to list on the Nasdaq under the ticker symbol "BYND." The company is looking to go public at a time that the Renaissance IPO ETF has run up 29% year to date and the S&P 500 has gained 16%.
Read more »
Uber estimates it lost at least $1 billion in the first quarter of 2019The company's amended IPO filing Friday included our first look at its 2019 financials.
Read more »