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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