At $82 Billion, Uber's Market Debut To Be The Biggest In Five Years
Months ago, there was speculation the company could be valued as high as $120 billion. Instead, the company is taking a more conservative approach — relatively speaking, anyway.
The ride-hailing company Uber is making its stock market debut on Friday, with shares priced at $45, the lower end of the possible range, and a total market value of about $82 billion.
That's a relatively conservative approach for this initial public offering. A few months ago, analysts were expecting Uber's IPO to be far bigger than this. A $100 billion valuation was seen as reasonable — some even floated $120 billion.
But it's a rough week for the stock market, which is watching President Trump's rhetoric on trade with concern. And Uber's smaller ride-hailing rival Lyft
