Saturday , April 17 2021

Uber aims to value $ 84 for the largest annual IPO

Uber Technologies Inc. is trying to raise as much as $ 9 billion in an initial public offering, which could give markets a value of $ 84 billion.

The No. 1 driving company plans to offer 180 million shares from 44 to 50 US dollars, according to regulatory filing Friday. The filling put Uber on the right track to make his debut for trading in May on the New York Stock Exchange in what is expected to be the largest annual IP IPO.

At the top of the range, the list will value Uber to nearly $ 84 billion, based on the number of stocks listed after the offer, as stated in the filing. On a fully diluted basis, including adding stock options, limited stocks or other shares not included in the total, the value may reach $ 91.5 billion.

In the target range, Uber's San Francisco offer will be among the 10 largest American IPOs of all time and the largest in the US exchange from the global record holder of Alibaba Group Holding Ltd. of $ 25 billion in 2014. In March driving – the competitive competitor Lyft Inc. attracted $ 2.34 billion in its first IPO – the largest ever so far – due to the list of advertisements by technology-related companies, including Pinterest Inc. and Zoom Video Communications Inc.

Source link