Uber Technologies (NYSE: UBER) this morning announced the pricing of its initial public offering of 180,000,000 common stock shares, each at a price of $45.00 to the public. Per the update, underwriters were granted a 30-day option to purchase up to an additional 27,000,000 shares from certain selling stockholders at the initial public offering price less underwriting discounts and commissions. Uber will not receive proceeds from any sale of shares by the selling stockholders. The shares are expected to begin trading on the New York Stock Exchange, under the symbol “UBER,” on May 10, 2019. Subject to customary conditions, the offering is expected to close on May 14, 2019.
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About Uber Technologies
Transportation network company Uber Technologies, Inc. offers services including peer-to-peer ridesharing, ride service hailing, food delivery, as well as a bicycle-sharing system. Based in San Francisco, the company has operations in 785 metropolitan areas worldwide. Its platforms can be accessed via the company’s websites and mobile apps. Uber has been so prominent in the sharing economy that its resulting changes in industries have been referred to as uberisation, with many startups describing their products as “Uber for X”. For more information, visit the company’s website at www.Uber.com.
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