Uber to price IPO toward the low end of target range

Uber to price IPO toward the low end of target range

5 years ago
Anonymous $9jpehmcKty

https://www.cnbc.com/2019/05/08/uber-to-price-ipo-at-or-below-midpoint-of-target-range-source.html

Uber will price its IPO at the midpoint of its target range or below, a source familiar with the matter told CNBC.

Uber set a price range of $44 to $50 per share for its IPO in an updated filing last month. On a fully diluted basis, that would put Uber's valuation at $80.53 billion on the low end of the range and $91.51 billion on the high end. At the midpoint of its stated range, Uber's valuation would be about $86 billion on a fully diluted basis.

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