Deals
Uber Aims for an IPO Valuation of as Much as $90 Billion
- Ride-hailing company planning price range of $44 to $50/shr
- Valuation is just above company’s last private funding round
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Uber Technologies Inc. is aiming for a valuation of about $80 billion to $90 billion in its initial public offering, just above its last private funding round, according to people familiar with the matter.
The ride-hailing company is planning to start marketing shares to potential investors in a price range of about $44 to $50 each, said the people, who asked not to be identified because the matter isn’t public. Uber could aim to raise about $8 billion to $10 billion in the listing, though the final details of the pricing may still change, the people said.