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Uber lowers its valuation target



Uber Technologies Inc. ratcheted down its target valuation to a range of around $ 80 billion to $ 90 billion for its original public offering, according to people familiar with the case.

The giant giant seeks to price its shares between $ 44 and $ 50 each, the people said. It aims to raise $ 8 billion to $ 10 billion in the listing, one of the people said. Uber had previously provided documentation to holders of convertible notes that outlined a potential price of $ 48 to $ 55 per share, which would have been a valuation between …


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