Uber sets price range for shares at $44 to $50
Uber set a price range of $44 to $50 per share for its IPO Friday in an updated filing. It would be valued at about $84 billion at the high end of the range.
div > div.group > p:first-child"> The company seeks to raise about $10 billion in its IPO and will offer 180 million shares. The company will begin its IPO roadshow on Friday. Early reports suggested Uber could be valued as high as $120 billion. Even at the high end of Uber's range, its valuation would be far less than many expected. The company would be valued at $73.7 billion at the low end of its range. Uber's last private valuation was about $76 billion.Uber is expected to public in early May, a little over a month after its chief rival Lyft.
The company is the latest of several large tech firms to enter the IPO process this year including Lyft, Zoom, Pinterest and PagerDuty. Slack is also expected to release its prospectus Friday for a direct listing on the New York Stock Exchange.
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.
PayPal to invest $500 million in Uber: Refinitiv IFROnline payments company PayPal Holdings Inc plans to invest $500 million in Uber...
Read more »
Uber Lowers Its Valuation TargetPayPal will make a roughly $500 million investment in Uber, which could help shore up demand for the ride-hailing giant's shares ahead of its IPO
Read more »
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 CEO's advice for his 22-year-old self: 'Get the hell out of investment banking'Uber CEO's advice for his 22-year-old self: 'Get the hell out of investment banking.' via CNBCMakeIt
Read more »
Gig-economy workers like Uber and Lyft drivers may be skewing low unemployment numbersWage growth has slowed because unemployment numbers do not account for gig economy workers, according to a Federal Reserve regional bank.
Read more »
An engineer at Uber's self-driving car unit warns that it's more like 'a science experiment' than a real car capable of driving itselfPeople inside Uber say that its self-driving car still doesn't drive itself all that well.
Read more »
Uber unveils new safety measures in wake of college student's murderUber is rolling out new features it says will keep riders safe, following the killing of a South Carolina college student who got into a wrong car she mistook for her Uber ride.
Read more »
Uber, Lyft IPOs May Lead to Higher FaresThe initial public offerings of Uber and rival Lyft stand to enrich early investors. But for customers of these ride-hailing services, the IPOs might eventually cost them money.
Read more »