Uber IPO Hype Machine Sputters as Stock Pricing Exposes True Valuation

Uber IPO Hype Machine Sputters as Stock Pricing Exposes True Valuation

News

By CCN: The Uber IPO is one of the most anticipated stock market debuts of the year as the ridesharing company plans to raise $10 billion, but the company’s amended S-1 filing suggests that it won’t be anything more than a damp squib. Uber expects its IPO to be priced in a range of $44 to $50 per share. The ridesharing specialist will be offering up to 180 million shares of its common stock. Those numbers translate into a market cap well below the $100 billion valuation it was reportedly looking for just weeks ago. Uber Slices & Dices IPO

The post Uber IPO Hype Machine Sputters as Stock Pricing Exposes True Valuation appeared first on CCN