Uber targets $100B valuation for IPO as Lyft shares slide
Uber is expected to register its initial public offering Thursday. The company, which plans to sell roughly $10 billion worth of stock, is aiming for a total valuation of $100 billion. It would be the year’s largest IPO filing and among the biggest in history. But Uber’s projected valuation is actually lower than previous expectations, perhaps reflecting an atmosphere of restraint after Lyft shares have fallen in the week since they began trading. Meghan McCarty Carino looks into the process of valuing companies in this age of unprofitable unicorn startups.
Click the audio player above to hear the full story.
Stories You Might Like
There’s a lot happening in the world. Through it all, Marketplace is here for you.
You rely on Marketplace to break down the world’s events and tell you how it affects you in a fact-based, approachable way. We rely on your financial support to keep making that possible.
Your donation today powers the independent journalism that you rely on. For just $5/month, you can help sustain Marketplace so we can keep reporting on the things that matter to you.
