Uber lowers its target IPO valuation to a range of about $80 billion to $90 billion after rival Lyft struggled since listing last month
Uber Technologies Inc. ratcheted down its target valuation to a range of about $80 billion to $90 billion for its initial public offering, according to people familiar with the matter.
The ride-hailing giant is seeking to price its shares between $44 and $50 apiece, the people said. It aims to raise $8 billion to $10 billion in the IPO, one of the people said. Uber had previously given documentation to holders of its convertible notes outlining a potential price of $48 to $55 a share, which would have been a valuation between...
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Uber is reportedly setting a price range of $44 to $50 for its upcoming IPOUber expected to set its IPO price range of $44 to $50, according to Bloomberg.
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Uber, Lyft, Pinterest, And Zoom: SEC Filings Reveal Trends In Private Company Stock Grant DesignWhen you work for a fast-growing private company that's likely to go public or get acquired, you often take the job with the idea that you’ll get sizeable stock grants and perhaps life-changing wealth. How do these grants work? Let's look at registration statements of IPO or soon-to-be-IPO firms.
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Opinion | Uber is convenient for city commuters — but bad for citiesOpinion | Paris Marx: Uber is convenient for city commuters — but bad for cities. - NBCNewsTHINK
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At least Uber investors will have a say on lossesThe ride-hailing app touts a separate chair and CEO, one vote per share and annual director elections. Rival Lyft and image-search firm Pinterest by contrast have insiders with supervoting stock and staggered boards. All lose money but only Uber shareholders can push for change.
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Eye-Catching Hidden Message For Uber IPO In Self-Driving Tech Investor DealUber is on-the-road pitching its IPO and the recent $1 billion investment by SoftBank, Toyota and Denso is a good sign, including having a hidden message that provides a type of insurance policy needed vitally at this juncture of their IPO preparations.
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Lyft underwriters hail promising future as Uber loomsLyft Inc picked up upbeat ratings from the brokerage arms of its Wall Street und...
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Wall Street's valuation guru: From Uber to Pinterest, all the major IPOs this year are overpricedThis year's hot IPOs have one thing in common — they are all overpriced, according to NYU Stern professor Aswath Damodaran.
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Uber Chooses Citadel Securities to Handle Its IPOUber has chosen electronic-trading giant Citadel Securities to manage its hotly anticipated initial public offering on the New York Stock Exchange.
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Uber CEO's advice for his 22-year-old self: 'Get the hell out of investment banking'Uber CEO's advice for his 22-year-old self: 'Get the hell out of investment banking.' via CNBCMakeIt
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