Uber on Friday set a price range of $44 to $50 a share for its updated filing with the US Securities and Exchange Commission., according to an
The ride-hailing company plans to offer 180 million shares and seeks to raise about $9 billion in its IPO.
The San Francisco-based company will list on the New York Stock Exchange using the ticker symbol UBER. Its IPO could come as soon as early May.
On Friday, payment service PayPal also said it'llas it extends a partnership the companies have maintained since 2013.
In its IPO filing, Uber said it has operations in more than 700 cities in 63 countries on six continents. More than 91 million people use one of its services, which includes food delivery, at least once a month, the company said. Its drivers reportedly complete 14 million trips every day.
If all goes as planned, 2019 will be a big year for tech IPOs. Airbnb, strong stock market debut, but has faltered some since then. Lyft shares were trading around $56 on Friday, well below their $72 IPO price.and are also expected to go public. Uber arch-rival Lyft issued its IPO in March with a
Uber didn't immediately respond to a request for comment.