Uber prices shares at $45 for stock market debut

Business Desk Published: 10 May 2019, 10:23 AM
Uber prices shares at $45 for stock market debut

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

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, reports AFP.

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

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