Listen: Uber Starts Investor Roadshow With Lower-Than-Expected Valuation But A Fresh $500 Million From PayPal
"Guber setting up a price range for its initial public offering at forty four fifty dollars per share that would give the company a market cap as high as nearly eighty four billion dollars the companies hoping to raise ten billion dollars in its debut on the new York Stock Exchange. The price range is lower than what many analysts expected Friday pay pal announced it was investing five hundred million dollars over in the first quarter. This year Uber reported revenue of three billion dollars it reported a net loss of one billion dollars. Uber is expected to go public"