Uber prices IPO at $44-50, to raise $7.9-9B, PayPal takes $500M stake in strategic partnership

Uber prices IPO at $44-50, to raise $7.9-9B, PayPal takes $500M stake in strategic partnership

5 years ago
Anonymous $9jpehmcKty

https://techcrunch.com/2019/04/26/uber-ipo-paypal/

Uber, the transportation-on-demand behemoth, today filed its much-anticipated updated S-1 today where it announced that it would be pricing its initial public offering at $44-50 per share.

Selling 180 million common shares, Uber plans to raise between $7.9 billion and $9 billion ahead of its public debut on the NYSE, valuing it at $84 billion — squarely in the middle of the $80-90 billion that was projected as late as yesterday. With the greenshoe, shareholders selling shares in the IPO, it could raise as much as $10.4 billion.

Uber prices IPO at $44-50, to raise $7.9-9B, PayPal takes $500M stake in strategic partnership

Apr 26, 2019, 12:24pm UTC
https://techcrunch.com/2019/04/26/uber-ipo-paypal/ > Uber, the transportation-on-demand behemoth, today filed its much-anticipated updated S-1 today where it announced that it would be pricing its initial public offering at $44-50 per share. > Selling 180 million common shares, Uber plans to raise between $7.9 billion and $9 billion ahead of its public debut on the NYSE, valuing it at $84 billion — squarely in the middle of the $80-90 billion that was projected as late as yesterday. With the greenshoe, shareholders selling shares in the IPO, it could raise as much as $10.4 billion.