Saturday , April 17 2021

Uber aims to debut a market worth $ 90,000 million

Uber Technologies Inc. plans to begin commercializing stocks in the range of US $ 44 to US $ 50 each in its initial public offer (IPO), which can appreciate the transport company with a value between 80,000,000 USD and 90,000,000 USD, according to people familiar with the subject.

The San Francisco-based company may aim to raise between $ 8,000 million and $ 10,000,000 in price, said that people who asked not to identify themselves on this issue are not public. The final details of the price range can change, they commented.

At the lower end of the range, the price will appreciate Uber exactly over the last round of private financingin which Toyota Motor Corp. has invested around $ 76,000m. People said it Desire makes a conservative approach to his judgment and this could increase the price depending on the demand of investors.

Last year, the bankers who were competing to offer the offer, told Uber that they could valued up to $ 120,000 in the IPO.

Uber is expected to set the terms of his IPO on Friday, before the commercialization of the shares of potential investors, people say.

A spokesman for "Uber" refused to comment.

(From Olivia Zheleski and Eric Newcomer, Bloomberg)

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