Uber aims for $90bn stock market debut

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Reuters

Uber says its shares will be worth between $44-50 each when it issues them to investors.

The taxi-app firm’s much anticipated stock market flotation will kick off public trading, expected in early May.

The share issue will raise about $10bn and values the company at $90bn (£69.7bn). As part of the offer it will sell $500m worth of shares to payment giant, PayPal.

Uber said earlier this month that it may never make a profit.

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