Uber I.P.O. Values Ride-Hailing Giant at $82.4 Billion
The biggest Silicon Valley initial public offering in years turned out to be less lofty than expected. Uber priced its public offering on Thursday at $45 a share, near the bottom of its expected price range, valuing the ride-hailing company at about $82.4 billion. It raised $8.1 billion from the I.P.O.