Deals
Uber IPO Has Enough Demand to Price at Top of Range
- Company has orders for about three times stock on offer
- IPO this week expected to be the largest globally in 2019
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Uber Technologies Inc. has enough investor demand to price its initial public offering at the top end of its price range, people familiar with the matter said.
With more than 48 hours to go before the ride-hailing giant’s IPO is expected to price, investors have put in orders for at least three times the amount of stock on offer, the people said, asking not to be identified as the details aren’t public. Still, Uber is expected to price the sale within its existing range as it is keen to ensure strong aftermarket trading for the stock, they said.