https://finance.yahoo.com/news/uber...-trading-on-nyse-morning-brief-102210816.html
The public is about to get a piece of Uber.
The ride-sharing company is set to begin trading on the New York Stock Exchange on Friday, under the symbol “UBER.” The offering gives retail investors their first chance to buy shares of the ride-hailing market’s leader.
On Thursday, Uber priced its initial public offering at $45 per share, at the low end of its targeted range of between $44 and $50 per share. This implies a market valuation of about $82.4 billion on a fully diluted basis. However, it’s down sharply from the as much as $120 billion valuation reportedly floated earlier as the company sought a public listing.
Uber’s offering has arguably been the most hotly anticipated in this year’s wave of major tech IPOs – but it’s also been one of the most divisive.
The public is about to get a piece of Uber.
The ride-sharing company is set to begin trading on the New York Stock Exchange on Friday, under the symbol “UBER.” The offering gives retail investors their first chance to buy shares of the ride-hailing market’s leader.
On Thursday, Uber priced its initial public offering at $45 per share, at the low end of its targeted range of between $44 and $50 per share. This implies a market valuation of about $82.4 billion on a fully diluted basis. However, it’s down sharply from the as much as $120 billion valuation reportedly floated earlier as the company sought a public listing.
Uber’s offering has arguably been the most hotly anticipated in this year’s wave of major tech IPOs – but it’s also been one of the most divisive.