Business / Uber Reportedly Planning to Sell Shares at $44-$50 Each in IPO

The Quint : Apr 26, 2019, 10:37 AM
Ride hailing platform Uber is aiming for valuation of close to $80-$90 billion in its IPO, just above what it got in its last funding round, Bloomberg reported citing sources close to matter. Initially, it was speculated that Uber could be valued at $120 billion during its initial public offering. Uber has been generating the robust revenue growth that entices investors, but also racked up nearly $8 billion in losses