Uber To Kick Off Investor Roadshow With IPO Terms On Friday

www.oann.com | 9/14/2018 | Staff
Sugar12 (Posted by) Level 4
(Reuters) – Ride-hailing company Uber Technologies Inc will unveil terms for its initial public offering on Friday, telling investors it will seek to be valued at between $80 billion and $90 billion, according to people familiar with the matter.

The valuation sought is less than the $120 billion valuation that investment bankers told Uber last year it could fetch, and closer to the $76 billion valuation it attained in its last private fundraising round last year.

Uber - Moderation - Valuation - Expectations - Stock

Uber’s moderation of valuation expectations reflects the poor stock performance of its smaller rival Lyft Inc following its IPO last month. Lyft shares ended trading on Thursday down 22 percent from their IPO price amid investor skepticism over its path to profitability.

Uber will unveil on Friday an IPO price range of between $44 and $50 per share, based on which it would raise between $8 billion and...
(Excerpt) Read more at: www.oann.com
Wake Up To Breaking News!
Merry Christmas! It's not just for December any longer!
Sign In or Register to comment.

Welcome to Long Room!

Where The World Finds Its News!