Uber is reportedly looking to sell shares between $ 44 and $ 50, with the aim of increasing $ 8 to $ 10 billion in the offer. This would appreciate the company between $ 80 billion to $ 90 billion, reports Bloomberg.
Earlier reports had linked Uber's valuation to around $ 120 billion. Nevertheless, the valuation is higher than the last $ 76 billion valuation after a funding round.
It is likely that this decline in valuation is affected by Lyft's performance in the public market. Since its debut on NASDAQ, Lyft's share has suffered having skyrocketed almost 10 percent on day one.
While Uber has not yet officially set the conditions for its listing, the company is expected to do so as early as tomorrow. Although Uber is seeking the decline in the expected range, there will be more than three times the amount of Lift's $ 2.34 billion IO. It would also make Uber's IPO the largest in the US since Alibaba in 201
In 2018, Uber reported 2018 sales of $ 11.27 billion, a net income of $ 997 million and adjusted EBITDA losses of 1.85. billion dollars. Uber, which filed for its IPO two weeks ago, is expected to list on the New York Stock Exchange in May.