Uber stock set to launch at $45 a share

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Ali BEKHTAOUI | AFP
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1557467489908028800
Fri, 2019-05-10 05:34

NEW YORK: Uber is set for its Wall Street debut Friday with a massive share offering that is a milestone for the ride-hailing industry and the so-called “sharing economy,” but which comes with simmering concerns about its business model.
Shares will be priced at $45 for the initial public offering (IPO), valuing the startup at more than $82 billion, according to a filing with the US Securities and Exchange Commission.

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