Author: Kate Conger / Source: New York Times
Jeenah Moon for The New York Times
SAN FRANCISCO — Uber plans to set a price range for its initial public offering that would value it at as much as $90 billion, said a person with knowledge of the situation, in a sign of caution amid a flood of highly hyped tech offerings.
The world’s largest ride-hailing company plans an initial pricing of $44 to $50 a share, said the person, who was not authorized to speak publicly, putting its total valuation between $80 billion and $90 billion. Uber would fall short of the $100 billion valuation that it recently told some investors it might reach upon going public. It would still be above the $76 billion it…
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