IPOs & Markets
Uber last raised money from Toyota in August at a valuation of $76 billion.
The pricing values Uber at about $82 billion, a considerable climb down from earlier projections of as much as $120 billion.
While the listing is still expected to be the largest in the biggest year for tech IPOs since 2014, it’s unlikely to hit the highs that were first e
At the lower end of the range the price would value Uber just above its last private funding round, in which Toyota Motor Corp. invested at a valuatio
Uber Technologies Inc. filed for an initial public offering, starting the clock on what’s expected to be the biggest U.S. listing this year.
The IPO has become a test case, not just for rival Uber but for a glut of highly valued startups like Pinterest, Postmates and Slack Technologies.
The stock’s early performance served as a litmus test for public market investors and their appetite for money-losing tech companies.
By selecting the iconic trading floor in the heart of Wall Street, Uber is diverging from rival Lyft Inc., which chose Nasdaq for listing.
Including the money Lyft is expecting to raise from the IPO as well as some likely dilution of shares, its total valuation could be $21-23 billion.
Selling a stake in the self-driving business would allow Uber to offload part of a very expensive endeavor, as it faces scrutiny from prospective inve
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