Uber will price shares for its IPO on Thursday — here's what to expect

Uber will price shares for its IPO on Thursday — here's what to expect

5 years ago
Anonymous $9jpehmcKty

https://www.cnbc.com/2019/05/09/uber-will-price-shares-tonight-for-its-ipo-heres-what-to-expect.html

Uber is scheduled to price its IPO on Thursday night ahead of the company's market debut on the New York Stock Exchange. The offering comes as shares of smaller rival Lyft trade well below their initial price from March and amid a slide in the broader stock market.

The ride-hailing company's expected market capitalization has fallen in recent months since plans of its IPO were made public. Early reports said the company was seeking a valuation as high as $120 billion. But Uber's stated price range of $44 to $50 per share in its updated filing last month pegged its valuation between $80.53 billion and $91.51 billion on a fully diluted basis.