Uber Has Officially Priced Its IPO At $45 Per Share

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Uber priced its IPO at $45 per share in preparation to start trading early Friday, the company announced on Thursday.

This gives Uber an initial market cap of $75.5 billion, far below the $120 billion banks reportedly sought for Uber at the start of the IPO process.

The company will  start trading Friday on the New York Stock Exchange under the ticker “UBER” and is expected to raise $8.1 billion in the IPO, plus $500 million in a private placement from PayPal.

Read more at Business Insider.

{Matzav.com}

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