Now, Uber has priced its IPO at $45 per share, giving it an initial valuation of $75.5 billion, and is set to have the largest initial public offering of 2019.
"This is high risk, medium reward," Cuban wrote in an email to Kalanick in June 2010, which heon Friday ahead of Uber's debut on the New York Stock Exchange."I wouldn't touch a 2mm valuation, let alone 5mm."
Now, Uber has priced its IPO at $45 per share, giving it an initial valuation of $75.5 billion, and is set to have— even despite the fact that buzzy tech firms like Slack and Pinterest are expected to go public this year. It's also expected to be the largest IPO in the tech sector since Facebook went public in 2012.
When sharing the email exchange on Twitter, Cuban wrote that it was his"biggest miss ever" and congratulated Kalanick. Uber will begin trading on the New York Stock Exchange Friday morning under the ticker UBER . The company's Kalanick, who owns an $8.6% share in the company, co-founder Garrett Camp, who owns a 6% stake in Uber, and current CEO Dara Khosrowshahi, who owns 196,000 shares. Softbank also holds a 16% stake in Uber.
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