Uber sets price range for IPO at $44-50/shr
20:02
Ride-hailing company Uber disclosed its price range for the initial public offering. The price per share is set at $44-50 that values the company at between $80.5 and $91.5 billion. This is lower than the market expected: according to previous estimates, Uber's valuation was seen at $100 billion.
In total Uber plans to raise in IPO nearly $10 billion in its market debut. The company also said PayPal agreed to buy $500 million of stock in Uber at the IPO price.
