Network sources report that Uber Technologies Inc. managed to attract about $8,1 billion in investments through an initial public offering (IPO). At the same time, the cost of the company's securities approached the lower mark of their price in the market range.
It is also reported that as a result of trading as part of the IPO, 180 million Uber shares were sold at a cost of $45 per security. Based on the number of shares outstanding after the initial public offering, Uber's capitalization reached $75,5 billion. This is slightly down from the previous round of private investment, when the company was valued at $76 billion. Taking into account ownership interests and shares of the company , restricted for sale, Uber's capitalization amounted to $82 billion.
It's worth noting that Uber's IPO was highly anticipated as it was predicted to be one of the largest IPOs ever. However, Uber was valued well below the $120 billion it expected last year. This may be due to the fact that the most valuable US startup debuted on the market at the wrong moment. Currently, there is a general decline in the US stock market due to the ongoing trade war with China.
Despite this, the company's valuation of $75,5 billion allowed Uber's IPO to become one of the largest in the history of the American stock market. Moreover, the IPO was the largest since 2014, when Alibaba's initial public offering took place, which brought in $25 billion.
Source: 3dnews.ru