The ride-hailing giant will price stock at $45 for a valuation of $82 billion.
By Faiz Siddiqui Faiz Siddiqui San Francisco-based tech reporter covering automation and the future of transportation, including Tesla, Uber and Lyft Email Bio Follow May 10 at 7:00 AM Uber’s stock is set to start trading Friday morning in the year’s most hotly anticipated tech IPO, a key test of investor faith in the stability of Silicon Valley as a string of money-losing companies ready themselves to enter the market.
Any signs of trouble in trading on the New York Stock Exchange later Friday could become a cautionary tale for a string of IPOs to follow, including Slack and Airbnb. Already, rival Lyft has seen stock prices tumble nearly 30 percent since its stock market listing less than two months ago.
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