Ride-hailing app Uber Technologies filed a draft prospectus with the U.S. Securities and Exchange Commission on April 11. The company is seeking a valuation of between $90 billion and $100 billion, Reuters reported on April 10. It was valued at $76 billion in its last fundraising in the private market in 2018.
Separately, Lyft shares ended trading on April 11 at $61.01, more than 15 percent below its IPO price. It began trading on the Nasdaq on March 29.
GinaChon rob_cyran Difficult to reconcile this with your colleague edwardhadas 2018 Uber piece. Also, Strebulaev & Gornall in andrewrsorkin article found pre-IPO prices exaggerated by ~ double, indicating at most a start price tag of $50-60B.
ReutersBiz GinaChon rob_cyran Yes the higher the valuation the higher the fees! Long live Wall Street .
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