BCN-01 Uber prices shares at $45 for stock market debut

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BCN-01

US-INTERNET-TRANSPORT-STOCK-UBER

Uber prices shares at $45 for stock market debut

SAN FRANCISCO, May 10, 2019 (BSS/AFP) – Rideshare titan Uber priced its
shares at $45 for its Wall Street debut on Friday, valuing the startup at
more than $82 billion.

The launch is seen as a milestone for the ride-hailing industry and the
so-called “sharing economy,” but which comes amid simmering concerns about
its business model.

Shares were set to trade on the New York Stock Exchange from Friday under
the ticker “UBER.”

BSS/AFP/HR/0920