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Uber aims for a valuation target as high as $90 billion [Los Angeles Times (CA)]

Toyota Motor Corporation (TM) 
US:NYSE Investor Relations: toyota-global.com/investors
Uber aims for a valuation target as high as $90 billion Uber Technologies Inc. is aiming for a valuation of about $80 billion to $90 billion in its initial public offering, an amount just above Uber's last private funding round but below earlier targets, 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 isn’t 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. At the lower end of the range the price would value Uber just above its last private funding round, in which Toyota Motor Corp. invested at a valuation of about $76 billion. Uber is taking a conservative approach to its valuation and could later raise the price depending on investor demand, the people said. Last year, bankers jockeying to Show less Read more
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