Uber Sets Terms for its IPO

Company: Uber Technologies, Inc.
Symbol: UBER
Description: Their mission is to ignite opportunity by setting the world in motion. They revolutionized personal mobility with Ridesharing, and they are leveraging their platform to redefine the massive meal delivery and logistics industries.
Shares: 180 million
Price Range: $44.00-$50.00
Trade Date: 5/10
Underwriter(s): Morgan Stanley, Goldman Sachs, BofA Merrill Lynch, Barclays, Citigroup, Allen & Co.
Co-Manager(s): RBC Capital, SunTrust Robinson Humphrey, Deutsche Bank, HSBC, SMBC, Mizuho Securities, Needham, Loop Capital Markets, Siebert Cisneros Shank & Co., Academy Securities, BTIG, Canaccord Genuity, CastleOak Securities, Cowen, Evercore ISI, JMP Securities, Macquarie Capital, Mischler Financial, Oppenheimer & Co., Raymond James, William Blair, The Williams Capital Group, TPG Capital BD
Terms Added: 4-26-19

LINK TO PROSPECTUS

• With a high-end pricing, UBER would raise $9bn which would be the largest cash raise on American exchanges since Alibaba.
• The terms value UBER at a range of $80bn-$91.5bn  ($44.00-$50.00 / share) which is lower than what the company was “rumored” to try to come public at.
• Added to the terms is a $500m concurrent private placement with PayPal.
• 15% of the offering, 27.0mm shares, is being offered by selling shareholders