- Uber’s upcoming May 10, 2019, IPO could be the biggest and hottest offering in years
- The company is looking to raise nearly $9 billion through its IPO, which could contribute to a market valuation of $84 billion or more
- The Uber pitch draws a parallel between the company and Amazon, emphasizing the massive expansion potential of the ridesharing platform
Uber Technologies Inc.’s (anticipated ticker symbol NYSE: UBER) upcoming IPO is anticipated to be the largest of 2019, and, according to a Bloomberg report, it could also be the hottest public offering in years (http://nnw.fm/oW2Kb). According to the report, Uber is seeking to raise nearly $9 billion through its public offering, which could contribute to an astronomical company market valuation of $84 billion.
Some analysts even predict a valuation exceeding $91 billion, in which case Uber’s IPO would be the largest since Alibaba Group Holding Limited (NYSE: BABA) went public with a target price of $68 per share in…
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