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Bloomberg: IPO values Uber at $80-90B

Published April 26, 2019

NEW YORK (BRAIN) — Uber's upcoming IPO will likely start out with shares being offered at $44 to $50, which would raise $8 billion to $10 billion and value the ride-hailing company at $80 billion to $90 billion, according a report by Bloomberg.

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That valuation range is higher than its last private funding round, but less than the $120 billion valuation that some bankers suggested last year. 

Uber's ride-hailing competitor Lyft raised $2.34 billion in its recent IPO. That put Lyft's valuation at $20.5 billion, but the company's share have since dropped 22 percent.

Topics associated with this article: Bikeshare

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