Uber is aiming for a valuation of as much as $100 billion, below previous expectations, for its impending IPO
Uber Technologies Inc. is aiming for a valuation in its impending initial public offering of as much as $100 billion, below previous expectations, after its smaller ride-hailing competitor Lyft Inc. stumbled in its early days of trading as a public company.
Uber recently provided documentation to holders of its convertible notes that sets a potential price range of between $48 and $55 a share, according to people familiar with the matter. That would equate to an aggregate valuation of between $90 billion and $100 billion,...
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