Uber Prices IPO at $45 per Share

Uber has priced its initial public offering at $45 per share.  That figure is near the bottom of the $44 to $50 range that Uber initially set in an S-1 filing. The finalized price was first reported by The Wall Street Journal.   A $45 per share price would value the company at about $82 billion, a lower valuation than earlier reports had suggested. The company will raise about $8 billion in the deal. The $82 billion valuation figure makes Uber the largest IPO since Alibaba (BABA – Get Report) went public…

Uber Investors Could Be In for a Bumpy Ride

Uber’s IPO is almost upon us — and it could be a wild ride. Amid broader turmoil in the markets, Uber is expected to list its shares on Friday in what will be the largest IPO since Alibaba (BABA – Get Report)  debuted in 2014. And investors are eager to see how Uber’s stock holds up in the weeks and months ahead. Uber set an initial price range $44 to $50 per share in its IPO, and reportedly plans to price shares at the middle or low end of that range, which would value Uber somewhere between…

Softbank’s $100-Billion Vision Fund Is Weighing an IPO: Report

Softbank’s (SFTBY) massive Vision Fund, an investor in many high-growth U.S. tech firms, could soon seek to go public. A public offering of the fund could come as soon as this fall, the Wall Street Journal reported on Friday. The $100 billion Vision Fund, which was formed in 2017, has poured eye-watering amounts of capital into fast-growing firms that include Uber Technologies, WeWork and others. It has invested nearly all of the $100 billion it started with, and it also in the process of raising a second fund.  A Vision Fund IPO would need to overcome…

Uber’s IPO Is Around the Corner — But So Could Be a Case of IPO Fatigue

Another week, another crop of unicorn IPOs.  That’s not technically true, since it’s been a whole two weeks since Pinterest (PINS) and Zoom (ZM) went public on the same day. But it certainly feels that way to many market watchers, who can hardly keep up with the flurry of new filings and financial disclosures by the tech unicorn and decacorn set of IPO hopefuls.  With the markets still roaring, appetite for high-growth offerings remains strong — even if, like Uber, the companies are losing money hand over fist. Atish Davda, CEO of…

WeWork Parent Company Files Confidentially for an IPO

The We Company, parent of shared workspace firm WeWork, has filed for an IPO, the company said on Monday.  The company confirmed in a press release that it filed its S-1 paperwork confidentially in December 2018. It didn’t specify any further details about its IPO plans, however.  WeWork, a network of shared workspaces that renamed itself the We Company when it expanded into other businesses such as education and residential real estate, was valued at $45 billion in its last funding round in 2018. Its largest investor is SoftBank (SFTBY , which committed $3…