Uber is leaning toward pricing its shares at $45 apiece, near the low end of the ride-hailing company's targeted price range
Uber Technologies Inc. is leaning toward pricing its initial public offering at $45 a share, below the midpoint of its expected range, according to people familiar with the matter, in the largest new issue in five years.
At that price, Uber would command a valuation of roughly $82 billion, making it the largest U.S.-listed IPO since Alibaba Group Holding Ltd. went public in 2014. Still, that’s less than the valuation of as much as $100 billion the ride-hailing giant had earlier targeted.
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