Uber’s much-heralded move to being a publicly-traded company has put a value of $80bn on the ride-hailing group.
This is less than the $100bn that the company had reportedly hoped for – and still less than the predictions from some analysts l
However, it is still a huge initial public offering (IPO), pricing Uber’s 180 million shares at $45 each on the company’s New York Stock Exchange debut.
Uber CEO Dara Khosrowshahi told
There appears to have been caution from some investors following the dip in fortunes of Uber’s rival Lyft, whose share price has fallen since its own IPO.