Uber Technologies does not seem to intend to use its IPO for full throttle. The taxi company tends to offer its shares for a relatively low price, according to news agency Bloomberg.
The shares are likely to be sold for $ 44 or $ 45, an amount that is at the bottom of the pre-announced bandwidth. Uber had previously announced that the shares would cost between $ 44 and $ 50 each. With the low pricing, Uber would still be worth $ 74 billion.
Earlier there was a lot of interest in the IPO of the technology company. As a result, a high price was expected. It was also noted that Uber wants to be sure that it makes a strong start with its stock market debut and therefore does not make the price too high. Recently, competitor Lyft went public. After a strong start, the price dropped to around the issue price.