Uber sets terms for IPO, posts $1 billion first-quarter loss

Published April 26, 2019 28 Plays $0.04 earned

Rumble / Trending NewsRide-hailing company Uber Technologies is aiming for a valuation of up to $91.5 billion in its initial public offering.

That IPO could potentially be the largest U.S. listing in years and a test of investor appetite for a high-growth but highly unprofitable business.

In a regulatory filing on Friday, Uber set a target price range of $44 to $50 per share for its IPO.