Uber aims for IPO valuation of upto $90 billion

Some recent big listings by technology unicorns have seen valuations come back down to earth after years of access to huge pools of private capital

Uber Technologies Inc is aiming for a valuation of about $80 billion to $90 billion in its initial public offering (IPO), just above its last private funding round, according to people familiar with the matter.

The ride-hailing company is planning to start marketing shares to potential investors in a price range of about $44 to $50 each, said the people, who asked not to be identified because the matter is not public. Uber could aim to raise about $8 billion to $10 billion in the listing, though the final details of the pricing may still change, the people said.