NEW YORK (BRAIN) — Uber's upcoming IPO will likely start out with shares being offered at $44 to $50, which would raise $8 billion to $10 billion and value the ride-hailing company at $80 billion to $90 billion, according a report by Bloomberg.
That valuation range is higher than its last private funding round, but less than the $120 billion valuation that some bankers suggested last year.
Uber's ride-hailing competitor Lyft raised $2.34 billion in its recent IPO. That put Lyft's valuation at $20.5 billion, but the company's share have since dropped 22 percent.
