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10 things in tech you need to know today

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On Tuesday, Uber priced its IPO at $45 per share. Business Insider reports that this valuation Uber an initial market cap of $75.5 billion. That valuation is far below the $120 billion banks reportedly sought for Uber at the start of the IPO process. The company is expected to raise $8.1 billion in the IPO, plus $500 million in a private placement from PayPal. Uber is expected to start trading Friday on the New York Stock Exchange under the ticker "UBER."

Added on the 10/05/2019 06:20:41 - Copyright : Wochit

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