Uber prices at the bottom of its IPO range to be valued at $82.4bn
Friday, 10th May 2019
By Emily Nicolle - City A.M.
Ride-hailing giant Uber has priced its initial public offering at $45 per share, landing at the lower end of its targeted range to raise $8.1bn (£6.2bn) in a Wall Street flotation on Friday afternoon .
“In the subtle tension between a loss-making company looking to raise capital to maximise its runway, or to create an orderly aftermarket for the benefit of all [new and existing] shareholders, it looks like the latter prevailed,” added Ian Wallis, adviser to Uber investor MVP Star Tech NG Fund.