Uber Aims for Public Valuation of as Much as $100 Billion, Below Expectations - News Summed Up

Uber Aims for Public Valuation of as Much as $100 Billion, Below Expectations


CEO Dara Khosrowshahi says Uber is on track to go public later this year, a move that could make it the biggest IPO of 2019. WSJ’s Jason Bellini breaks down five ways Uber is preparing itself for its market debut. Illustration: Laura KammermannUber Technologies Inc. is aiming for a valuation in its impending initial public offering of as much as $100 billion, below previous expectations, as ride-hailing competitor Lyft Inc. stumbles in its early days of trading as a public company. Uber recently provided documentation to holders of its convertible notes that sets a potential price range of $48 to $55 a share, according to people familiar with the matter.


Source: Wall Street Journal April 10, 2019 16:53 UTC



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