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.
To view the full press release, visit http://nnw.fm/ABx9S
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.
NetworkNewsWire (NNW) is an information service that provides (1) access to our news aggregation and syndication servers, (2) NetworkNewsBreaks that summarize corporate news and information, (3) enhanced press release services, (4) social media distribution and optimization services, and (5) a full array of corporate communication solutions. As a multifaceted financial news and content distribution company with an extensive team of contributing journalists and writers, NNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. NNW has an ever-growing distribution network of more than 5,000 key syndication outlets across the country. By cutting through the overload of information in today’s market, NNW brings its clients unparalleled visibility, recognition and brand awareness. NNW is where news, content and information converge.
To receive instant SMS alerts, text STOCKS to 77948
For more information please visit https://www.NetworkNewsWire.com