Ride-hailing company Uber Technologies Inc will unveil terms for its initial pub...
FILE PHOTO: Uber's logo is displayed on a mobile phone in London, Britain, September 14, 2018. REUTERS/Hannah Mckay
The valuation sought is less than the $120 billion valuation that investment bankers told Uber last year it could fetch, and closer to the $76 billion valuation it attained in its last private fundraising round last year. Uber will unveil on Friday an IPO price range of between $44 and $50 per share, based on which it would raise between $8 billion and $9 billion, the sources said. The ten-day investor roadshow will kick off on Monday, setting the stage for Uber to debut on the New York Stock Exchange in early May.
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