May 9, 2019 / 8:57 PM / a year ago

Uber prices IPO at $45 per share, at lower end of target range -sources

(Updates UBER-IPO/PREVIEW Update 2 with a new UBER-IPO/ media label).)

NEW YORK, May 9 (Reuters) - Uber Technologies Inc on Thursday priced its initial public offering at $45 per share, according to people familiar with the matter, at the lower end of its target range to raise $8.1 billion.

The IPO values the ride-hailing company at around $82.4 billion, compared with its most recent valuation of $76 billion in the private fundraising market.

Uber had set a price range of $44-$50 per share for the IPO, which is being led by Morgan Stanley, Goldman Sachs & Co and Bank of America Merrill Lynch.

Uber declined to comment. (Reporting by Joshua Franklin in New York)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below