After extraordinary growth—along with public scandals—Uber is about to go public. But amid the hype are real concerns about its profitability.
: After pricing shares at $45 late Thursday Uber ended the day down more than 7 percent. Uber is selling 180 million shares, raising $8.1 billion, and some investors have agreed to sell an additional 27 million.
Shares will trade under UBER on the New York Stock Exchange.While the IPO is set to be one of the most valuable for Silicon Valley this year, the valuation has slipped since Uber announced its intention to go public,
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