Friday, 10 May 2019

Uber valued at $82.4bn as it prices IPO at $45 per share

Loss-making ride-hailing app asking investors to pay $45 per share – at the low end of the range it had set for Wall Street debut

Uber is seeking a valuation of $82.4bn, less than the $100bn it was hoping for, but still making it one of the largest IPOs of all time, and one of the most hotly anticipated stock market listings in the tech world since Facebook made its Wall Street debut seven years ago.

Related: Blue Origin: Bezos company aims to take people to moon by 2024

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from US news | The Guardian http://bit.ly/2LwAYcT

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