Uber to sell shares at $44 to $50 each in stock market debut.
Uber is planning to sell 180 million shares for between $44 and $50 each, valuing the ride-hailing giant lower than previous estimates in a sign of that some of the excitement around ride-hailing has cooled.
The figures are likely to be revised as Uber gets feedback from potential investors in the coming weeks. Uber gave potential investors a first look at its finances this month, revealing nearly $8 billion in losses over a decade. That mirrors the challenges faced by its rival Lyft, which went public last month and saw its stock price rapidly decline.
Both Uber and Lyft face an uncertain path to profitability as they deal with intense competition, high costs to pay drivers, increased regulation by cites and a long, uncertain road to the development of autonomous vehicles.
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