Ride-hailing company Uber’s initial public offering has been highly anticipated and some more information is now surfacing after the company filed an amended prospectus with the Securities and Exchange Commission this week. The company expects to be worth as much as $91 billion after it goes public. This would make it one of the largest tech IPOs in history, but still behind the likes of Facebook and Alibaba which set new records when they went public.
Uber has set a price range of $44 to $50 per share which puts its valuation between $80 billion and $91 billion when stock options and restricted stock is taken into account. The final valuation will obviously depend on the investor appetite for its shares.
If it does achieve the expected valuation, Uber would be far ahead of its competitor Lyft, which went public last month with a valuation of over $24 billion. In terms of eclipsing other major tech IPOs, it will still be behind Facebook’s 2012 IPO which was $104 billion and Alibaba’s $168 billion IPO back in 2014.
As far as what the company is actually going to raise is concerned, since that’s what IPO are for, Uber is planning to sell 180 million shares in its public offering which may net the company around $9 billion.
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