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Home / Business / Uber sets the IPO price range for shares at $ 44 to $ 50

Uber sets the IPO price range for shares at $ 44 to $ 50



Uber set a price range of $ 44 to $ 50 per share on Friday for a market capitalization of nearly $ 84 billion at the high end.

Uber is expected to go public on the NYSE in early May under the ticker UBER. His IPO will take place just over a month after his main rival Lyft. In the weeks since the IPO, Lyft had suffered a significant price decline, which would have negatively influenced the valuation of Uber. Lyft has a market capitalization of approximately 1

6 billion US dollars.

The company is the last of several major tech companies to participate in the IPO this year, including Lyft, Zoom, Pinterest and PagerDuty. Slack is expected to publish its prospectus on Friday for a direct listing on the New York Stock Exchange.

This story is developing. Check for updates.


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