Uber Lowers Valuation
Quote from Ndubuisi Ekekwe on April 26, 2019, 1:54 PMUber was expecting an IPO valuation of up to $100 billion, but following Lyft's post-IPO struggles it's now looking at something in the $80 billion to $90 billion range. That's according to the Wall Street Journal, which reports Uber aims to raise $8 billion to $10 billion in the flotation (Fortune newsletter).
Uber Technologies Inc. ratcheted down its target valuation to a range of about $80 billion to $90 billion for its initial public offering, according to people familiar with the matter.
The ride-hailing giant is seeking to price its shares between $44 and $50 apiece, the people said. It aims to raise $8 billion to $10 billion in the IPO, one of the people said. Uber had previously given documentation to holders of its convertible notes outlining a potential price of $48 to $55 a share, which would have been a valuation between...
Uber was expecting an IPO valuation of up to $100 billion, but following Lyft's post-IPO struggles it's now looking at something in the $80 billion to $90 billion range. That's according to the Wall Street Journal, which reports Uber aims to raise $8 billion to $10 billion in the flotation (Fortune newsletter).
Uber Technologies Inc. ratcheted down its target valuation to a range of about $80 billion to $90 billion for its initial public offering, according to people familiar with the matter.
The ride-hailing giant is seeking to price its shares between $44 and $50 apiece, the people said. It aims to raise $8 billion to $10 billion in the IPO, one of the people said. Uber had previously given documentation to holders of its convertible notes outlining a potential price of $48 to $55 a share, which would have been a valuation between...