Uber (NYSE: UBER) Prices IPO at Midpoint of Target Range

May 10, 2019 12:20:35
  • The latest financial analysis reports suggest that the Uber initial public offering price was set at the midpoint of the target range, or approximately $86 billion
  • Regardless of the latest, more conservative valuations, the Uber IPO is anticipated to be the largest of 2019 and the third-largest for a tech company after Alibaba and Facebook
  • The Uber share prices were announced at the end of the May 9 trading day, and trading on the New York Stock Exchange commenced on May 10, 2019

Uber Technologies Inc. (NYSE: UBER) priced its initial public offering at a midpoint of its target range, as The Wall Street Journal reported on May 8 (http://nnw.fm/rJW3s). Uber recently finished pitching to investors across the U.S. ahead of its May 10 IPO. The company set a range of $44 to $50 per share, which contributed to a valuation in the $80-billion to $90-billion range.

With the Uber shares priced at the midpoint, or approximately $47, the company’s valuation totaled about…

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