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Uber sets terms for a $90-billion IPO, posts $1 billion loss in Q1

The valuation that Uber is seeking in its IPO is less than the $120 billion that investment bankers told Uber last year it could fetch

Reuters 

Ride-hailing company Uber Technologies Inc is aiming for a valuation of up to $91.5 billion in its initial public offering, potentially the largest U.S. listing in years and a test of investor appetite for a high-growth but highly unprofitable business. The valuation that Uber is seeking in its IPO is less than the $120 billion that investment bankers told Uber last year it could fetch, and closer to the $76 billion valuation it attained in its last private fundraising round in 2018. This reflects the poor stock performance of its smaller rival Lyft Inc following its IPO last ...

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First Published: Fri, April 26 2019. 20:56 IST
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