Uber is set for its Wall Street debut on Friday with a massive share offering that is a milestone for the ride-hailing industry.
File: Shares will be priced at $45 for the initial public offering , valuing the startup at more than $82-billion.
Shares will be priced at $45 for the initial public offering , valuing the startup at more than $82-billion, according to a filing with the US Securities and Exchange Commission. Despite the eye-popping valuation, Uber dialled back some of its earlier ambitions for a value exceeding $100-billion after a rocky start for US rideshare rival Lyft.Analyst Daniel Ives of Wedbush Securities said Uber has the potential to be a game-changing company and"is paving a similar road to what Amazon did to transform retail/ecommerce and Facebook did for social media."
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