Uber could aim to raise about $8 billion to $10 billion in the listing, though the final details of the pricing may still change, the people said. Last year, bankers jockeying to lead the offering told Uber it could be valued at as much as $120 billion in an IPO. Shares of Lyft Inc., which made its market debut in March at a $20.5 billion valuation, have since dropped 22 per cent to well below their IPO price. Article Continued BelowPinterest Inc., meanwhile, has seen its shares soar since it priced its April 17 IPO below the last private valuation of $12.3 billion. In its initial IPO filing, Uber revealed an operating loss of $3 billion in 2018, bringing its total operating losses over the past three years to more than $10 billion.

Source: thestar April 26, 2019 02:15 UTC