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Uber is going public at a $84 billion valuation

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  • Uber plans to raise more than $10.3 billion in its initial public offering, potentially giving it a market capitalization of $90 billion.
  • The ride-hailing giant will offer 180 million shares at a price between $44 and $50 per share.

Uber plans to raise upwards of $10.3 billion in one of the largest initial public offerings in history, according to a SEC filing published on Friday.

The ride-hailing giant will offer 180 million shares at a price between $44 and $50 per share, giving it a prospective market cap between $79 billion and $90 billion. It plans to list its shares under the symbol UBER.

PayPal has agreed to purchase $500 million in Uber stock in a private placement at the IPO price.

This story is developing. Check back for updates.

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