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Uber Aims for $84 Billion Valuation in Year’s Largest IPO

Ride-hailing company seeking to raise as much as $9 billion
PayPal will invest $500 million in Uber via private placement

Uber plans to offer 180 million shares at $44 to $50 each. Bloomberg Intelligence’s Mandeep Singh reports.Source: Bloomberg

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By Eric Newcomer and Olivia Zaleski

April 26, 2019 at 10:30 AM UTC

Updated on

April 26, 2019 at 11:58 AM UTC

This article is for subscribers only.

Uber Technologies Inc. is seeking to raise as much as $9 billion in an initial public offering that could give the ride-hailing giant a market valuation of as much as $84 billion.

The No. 1 ride-hailing company plans to offer 180 million shares at $44 to $50 each, according to a regulatory filing Friday. The filing puts Uber on track to make its trading debut in May on the New York Stock Exchange in what is expected to be the year’s biggest U.S. IPO.