https://apnews.com/151f3fe7be634a64939601a7bb9689cf

NEW YORK (AP) — Ride-hailing giant Uber is aiming to raise $9 billion in its mammoth initial public stock offering that, while smaller than initially expected, still dwarfs most stock market debuts.

The San Francisco-based company expects to be valued at $80.5 billion to $91.5 billion, falling well below prior estimates that rose as high as $120 billion, in a sign that investors may be taking a more cautious approach to ride-hailing after the stock performance of Uber's rival, Lyft.