May 9, 2019

Uber float values company at $82bn

AFP Uber has set a price for floating its shares on the New York Stock Exchange, in what is expected to be one of the biggest stock market flotations of the year. The ride-hailing taxi app firm has priced its shares at $45. The deal values Uber at $82bn. The price is near the bottom of the expected $44-$50 range - a sign that investors are cautious about the firm. Uber hopes to sell 180 million shares when trading starts on Friday. Rival Lyft's flotation was priced at $72 per share when it listed on the New York Stock Exchange in April, but its share price has fallen by as much as a third since then.

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