Uber to price IPO at $45, valuing company at $82 bn: source
The banking source said Uber's pricing ahead of its Wall Street debut was set for $45 a share, lower than some earlier estimates in light of a rocky market start for US rival Lyft.
Uber had previously set a range of $44 to $50 a share, which would still make it one of the largest initial public offerings from the technology sector.
The launch is seen as a milestone for the ride-hailing industry and the so-called "sharing economy," but which comes amid simmering concerns about its business model.
Shares were set to trade on the New York Stock Exchange from Friday under the ticker "UBER."
© 2019 AFP