Uber (UBER) Confirms Pricing 180M Share IPO at $45

Uber Technologies, Inc. (NYSE: UBER) today announced the pricing of its initial public offering of 180,000,000 shares of its common stock at a price to the public of $45.00 per share, the lower end of the expected $44-$50 range. The underwriters have been granted a 30-day option to purchase up to an additional 27,000,000 shares from certain selling stockholders at the initial public offering price less underwriting discounts and commissions. Uber will not receive any proceeds from any sale of shares by the selling stockholders. The shares are expected to begin trading on the New York Stock Exchange on May 10, 2019, under the symbol “UBER.” The offering is expected to close on May 14, 2019, subject to customary closing conditions.

Morgan Stanley, Goldman Sachs & Co. LLC, and BofA Merrill Lynch are acting as lead book-running managers for the offering. Barclays, Citigroup, and Allen & Company LLC are acting as book-running managers. RBC Capital Markets, SunTrust Robinson Humphrey, Deutsche Bank Securities, and HSBC are acting as joint book-running managers. SMBC, Mizuho Securities, Needham & Company, Loop Capital Markets, Siebert Cisneros Shank & Co., LLC, Academy Securities, BTIG, Canaccord Genuity, CastleOak Securities, L.P., Cowen, Evercore ISI, JMP Securities, Macquarie Capital, Mischler Financial Group, Inc., Oppenheimer & Co., Raymond James, William Blair, The Williams Capital Group, L.P., and TPG Capital BD, LLC are acting as co-managers for the offering.

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