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Home / Business / Uber plans to sell around NOK 10 billion in shares in IPO

Uber plans to sell around NOK 10 billion in shares in IPO



Uber plans to make its IPO registration with the US Securities and Exchange Commission publicly available on Thursday, and will kick off its investor roadshow during the week of April 29, so as to praise its IPO and start acting on it. The new York Stock Exchange in early May said the sources.

The sources warned that the plans are still subject to change and market conditions, and asked not to be identified because the case is confidential.

A representative of Uber refused to comment.

Lifting's IPO was priced in the upper part of the upside last year, giving it a valuation of over $ 24 billion in a $ 2.34 billion offer. But the stock has traded poorly since its debut on the Nasdaq March 29, as concerns about the start-up path to profitability have become more prominent. The shares closed on Tuesday at $ 67.44, well below their $ 72 IPO price.

By moderating valuation expectations, Uber shows a realism that is increasingly being adopted by Silicon Valley unicorns, as stock market investors are pushing back against some of the high price tags sought.

On Monday, Pinterest set a price range for its IPO worth $ 1

2 billion that the online image search company retrieved its latest private fundraising fund in 2017.


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