Uber Wanted to IPO with a $120 Billion Valuation But Ran Into Trouble When Some of its Biggest Shareholders Held Out for a Lower Price
- Uber wanted to go public with the $120 billion valuation pitched by bankers at Morgan Stanley and Goldman Sachs ahead of its initial public offering, but the company ultimately listed with a $75.5 billion market cap.
- One reason is that institutional investors, many who privately owned Uber stock, didn't want to buy more shares at the higher price, according to The New York Times...
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