Uber Aims for $84 Billion Valuation in Year’s Largest IPO (2)

April 26, 2019, 12:07 PM

Uber Technologies Inc. is seeking to raise as much as $9 billion in an initial public offering that could give the ride-hailing giant a market valuation of as much as $84 billion.

The No. 1 ride-hailing company plans to offer 180 million shares at $44 to $50 each, according to a regulatory filing April 26. The filing puts Uber on track to make its trading debut in May on the New York Stock Exchange in what is expected to be the year’s biggest U.S. IPO.

At the top of the range the listing would value Uber at almost $84 billion, ...

To read the full article log in.

Learn more about a Bloomberg Law subscription.