Massive IPO: The entrance sign to the Uber Greenlight Hub is seen in the Brooklyn borough of New York, recently. Uber is expected to raise US$8bil-US$9bil in it IPO. — Reuters
RIDE-HAILING company Uber Technologies Inc will unveil terms for its initial public offering (IPO) today, telling investors it will seek to be valued at between US$80bil and US$90bil, according to sources.
The valuation sought is less than the US$120bil valuation that investment bankers told Uber last year it could fetch, and closer to the US$76bil valuation it attained in its last private fundraising round last year.
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