Uber IPO valued at up to $90 billion, SEC filing confirms

The ride-hailing company on Friday confirmed that it is targeting a valuation of up to $90 billion in its initial public offering, with the business the latest in a string of unicorn listings scheduled to go public this year.

Uber Technologies confirmed on Friday that it is seeking a valuation of between $80 billion - $90 billion in its upcoming initial public offering (IPO).

The ride-hailing company is the latest in a string of upcoming unicorn listings – private businesses targeting a valuation north of $1 billion – scheduled to happen this year, wiith social media site Pinterest, collaboration tool provider Slack and Airbnb all planning to going public in 2019.

Uber lowers expectations after Lyft IPO disappoints

The ride-hailing company had originally targeted a valuation of $120 billion but, according to media reports, lowered its expectations after its smaller rival Lyft’s share price fell by 22% since it listed on Nasdaq’s exchange on March 29.

Uber also confirmed that its stock ticker on the New York Stock Exchange (NYSE) will be UBER.

Uber IPO: Initial market cap comparison

PayPal backs Uber IPO with $500 million investment

In its filing to the US Securities & Exchange Commission (SEC), Uber confirmed reports that PayPal will invest $500 million through a concurrent private placement at the IPO price.

‘We and Paypal extended our global partnership through the execution of an addendum to our existing commercial agreement,’ the company said.

‘We and Paypal intend to explore future commercial payment collaborations, including the development of our digital wallet.’

IGA, may distribute information/research produced by its respective foreign affiliates within the IG Group of companies pursuant to an arrangement under Regulation 32C of the Financial Advisers Regulations. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, IGA accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore recipients should contact IGA at 6390 5118 for matters arising from, or in connection with the information distributed.

The information/research herein is prepared by IG Asia Pte Ltd (IGA) and its foreign affiliated companies (collectively known as the IG Group) and is intended for general circulation only. It does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.

Please see important Research Disclaimer.

European Central Bank meeting

Learn about how the ECB meeting affects interest rates and price stability ahead of the next announcement on 24 October 2019.

  • How might the next meeting affect the markets?
  • What are the key rate decisions to watch?
  • Why is the Governing Council announcement important for traders?

Live prices on most popular markets

  • Forex
  • Shares
  • Indices
Sell
Buy
Updated
Change
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
Sell
Buy
Updated
Change

Prices above are subject to our website terms and agreements. Prices are indicative only. All shares prices are delayed by at least 15 mins.

Sell
Buy
Updated
Change
-
-
-
-
-
-
-
-
-
-
-
-
China 300
-
-
-
-

Prices above are subject to our website terms and agreements. Prices are indicative only. All shares prices are delayed by at least 20 mins.

The Momentum Report

Get the week’s momentum report sent directly to your inbox every Monday for FREE. The Week Ahead gives you a full calendar of upcoming key events to monitor in the coming week, as well as commentary and insight from our expert analysts on the major indices to watch.

For more info on how we might use your data, see our privacy notice and access policy and privacy webpage.

You might be interested in…

Find out what charges your trades could incur with our transparent fee structure.

Discover why so many clients choose us, and what makes us a world-leading provider of CFDs.

Stay on top of upcoming market-moving events with our customisable economic calendar.