Uber put a price range of $ 44 to $ 50 per share for its IPO on Friday in an updated filing.
Uber is expected to become public early May, just over a month after its top competitor Lift. So its stocks are dropping significantly in the weeks since IPO, which could have dampened Uber's appreciation. Lyft has a market value of around $ 1
The Company is the latest of several major tech firms to go to enter the IPO process this yes is including Lift, Zoom, Pinterest and PagerDuty. Slack is also expected to release its prospectus on Friday for a direct listing on the New York Stock Exchange.
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