Uber expected to set its IPO price range of $44 to $50, according to Bloomberg.
for its IPO on April 11, is expected to set an initial price range as soon as Friday ahead of a roadshow with investors.
The ride-hailing company could raise between $8 billion to $10 billion in the public listing, according to the report, which added that the final details of that price range could still shift. The company hasn't disclosed how many shares it will have outstanding after its IPO, so it's unclear how this price range values the company. The Wall Street Journal
that the company wanted to go public between $48 to $55 per share, which it said would give Uber a range of $90 billion to $100 billion in value.Though the first price range sets the tone of conversations ahead of an IPO, all of the big tech IPOs so far this year have gone public above their final range, including PagerDuty, Zoom and Pinterest.at $72 per share for a $21 billion valuation, even though its first price range was $62 to $68.
However, this has backfired as the company has since traded below its IPO price. By market's close on Thursday, Lyft traded at $56.39.
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