Why Uber priced its IPO far below the hype

//Why Uber priced its IPO far below the hype

Why Uber priced its IPO far below the hype

Uber Technologies priced its IPO at $45 a share Thursday, giving the company’s long-awaited and much-hyped initial public offering a fully diluted valuation of $82.2 billion – substantially below the $120 billion many expected just eight months ago, Renaissance Capital reports. That’s quite a turn for the 10-year-old, 700-city industry leader in the ride-hailing market, which has seen its revenue soar from $3.5 billion in 2016 to $9.2 billion last year and has grown trips from 2 billion to…

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By | 2019-05-09T22:46:53+00:00 May 9th, 2019|Economics|

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