Uber could end up with market value much lower than initial expectations

Uber could end up with market value much lower than initial expectations

The Uber Technologies Inc. application is displayed in the App Store on an Apple Inc. iPhone in an arranged photograph taken in Arlington, Virginia, U.S. on Monday, April 29, 2019. Photographer: Andrew Harrer/Bloomberg

When you’ve waited a decade to go public, it’s natural to want the best possible conditions to make an entrance. In that regard, 2019 hasn’t been kind to Uber.

After 10 tumultuous years as a private company, the most highly valued startup in the U.S. is finally ready to make its market debut. Ride-hailing giant Uber Technologies Inc. is due to price shares in its long-awaited initial public offering after the market closes Thursday. While the listing is still expected to be the largest in the biggest year for technology IPOs since 2014, it’s unlikely to hit the highs that were first expected.

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