Uber pulls back on valuation with IPO pricing

Uber pulled back on its ambitious valuation target yesterday, while still pricing its share offering in a range that would make it one of the largest tech market debuts in recent years.

The ride-hailing firm said in a securities filing it would sell 207 million shares in a range of $44 to $50 dollars, raising up to $10 billion.

That would give Uber a market value of between $74 billion and $84 billion. Some media reports said the figure could be up to $90 billion accounting for restricted stock options.

But the pricing target—still subject to change—fell below earlier ambitions of a valuation of more than $100 billion for the firm operating in some 700 cities around the world.

 

Uber pulls back on valuation with IPO pricing

Uber pulled back on its ambitious valuation target yesterday, while still pricing its share offering in a range that would make it one of the largest tech market debuts in recent years. The ride-hailing firm said in a securities filing it would sell 207 million shares in a range of $44 to $50 dollars, raising up to $10 billion. That would give Uber a market value of between $74 billion and $84 billion. Some media reports said the figure could be up to $90 billion accounting for restricted stock options. But the pricing targetstill subject to changefell below earlier ambitions of a valuation of more than $100 billion for the firm operating in some 700 cities around the world.