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Uber's $82B Valuation Underwhelms In Most Anticipated Ipo Since Facebook

by venturebeat.com posted 2months ago 18 views
(Reuters) — Uber priced its initial public offering on Thursday at the low end of its targeted range for a valuation of $82.4 billion, hoping its conservative approach will spare it the trading plunge suffered by rival Lyft. It is an underwhelming result for the most anticipated IPO since Facebook’s market debut seven years ago. Uber raised $8.1 billion, pricing its IPO at $45 per share, close to the bottom of the targeted $44-$50 range. However, the IPO still represents a watershed moment for Uber, which has grown into the world’s largest ride-hailing company since its start 10 years ago.

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