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Uber Raises $8.1 Billion in IPO Priced Near Bottom of Range

  • Listing at $45 gives Uber market value of $75.5 billion
  • Ride-sharing company wants to avoid slump that hit Lyft stock
Bloomberg business news
Mitchell Green, Lead Edge Capital partner, and Bloomberg Opinion’s Shira Ovide, discuss Uber’s IPO.(Source: Bloomberg)
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Uber Technologies Inc. raised $8.1 billion in its initial public offering after pricing shares near the bottom of their marketed range.

The ride-hailing company sold 180 million shares for $45 each, according to a statement Thursday. It had marketed them for $44 to $50 apiece.