After months of rumored expectations surrounding Uber Technologies, the global ridesharing giant, has finally provided potential investors a preliminary pricing range for its upcoming IPO. While the range provided suggests the company is tempering earlier expectations, the magnitude of this offering cannot be understated – this will be the largest tech IPO of the past five years and the third largest in history – behind Alibaba and Facebook. The new filing provides a number of signals:
We will be eagerly following the company as it proceeds through its roadshow for what should be a truly historic IPO.
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