• Uber raises $8.1 billion in IPO, valued at $82 billion

    Uber raises $8.1 billion in IPO, valued at $82 billion

    Published Date : 10-May-2019 4:57:16 IST

    Ride-hailing giant Uber priced its IPO shares at $45 apiece to raise $8.1 billion at a valuation of over $82 billion. Shares were priced close to the bottom of its targeted $44-50 range. Uber, which was earlier said to be seeking a valuation of $120 billion, has reportedly taken a conservative stance over its rival Lyft’s post-IPO share falls.

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