Ride-hailing company Uber Technologies Inc unveiled terms for its initial public offering on Friday, telling investors it would seek to sell as much as $10.35 billion in stock at a valuation of up to $91.5 billion.
In a regulatory filing, Uber set a target price range of $44-$50 per share for its IPO. The company will sell 180 million shares in the offering, with a further 27 million sold by insiders.
In the filing, Uber also reported a net loss attributable to the company for the first quarter of 2019 of around $1 billion and revenues of roughly $3 billion.
-
Toyota, Softbank Vision Fund in $1 billion Uber investment
Japanese car giant Toyota and investment fund Softbank Vision Fund on Friday unveiled an investment of $1 billion in US company Uber to drive forward ... Economy -
Uber seeks $10 bln IPO, scales back value target
Uber is seeking to raise some $10 billion in what would be the largest stock offering of the year with more details coming this week, the Wall Street ... Technology -
Uber files documents for public share offering
Uber filed documents Thursday for its much-anticipated public share offering expected to be the largest in the tech sector in years, and a bellwether ... Technology -
Wamda Capital chairman: Uber-Careem deal shows digital economy is here to stay
The Uber-Careem megadeal has shown that the region is ready for big investments and that the digital economy is here to stay, Chairman and CEO of ... Technology