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Tuesday 20th March 2018

Uber Prices Shares at $45 for Stock Market Debut

Business

7Dnews London - AFP

Thu, 09 May 2019 22:20 GMT

Rideshare titan Uber priced its shares at $45 for its Wall Street debut on Friday, May 10th, valuing the startup at more than $82 billion, AFP reported.

The launch is seen as a milestone for the ride-hailing industry and the so-called "sharing economy," but which comes amid simmering concerns about its business model.

Shares were set to trade on the New York Stock Exchange from Friday under the ticker "UBER."

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