Uber to sell shares at $44 to $50 each in stock market debut
Apr 26, 2019 | 4:03 AM
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NEW YORK — Ride-hailing giant Uber is planning to sell 180 million shares for between $44 and $50 per share, in a sign of caution.
That would raise up to $9 billion for the San Francisco-based company, which reportedly values the company at $80 to $90 billion, lower than previous estimates that were as high as $120 billion.
Uber gave potential investors a first look at its finances this month, revealing nearly $8 billion in losses over a decade. That mirrors the challenges faced by its rival Lyft, which went public last month and saw its stock price rapidly decline.
