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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)

Business Insider Thursday, 16 May 2019
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)· 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 of which privately owned Uber stock, didn't want to buy...
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News video: Why Uber Missed Its $120 Billion Valuation

Why Uber Missed Its $120 Billion Valuation 00:37

Business Insider reports that Uber wanted to go public with the $120 billion valuation. The valuation was pitched by bankers at Morgan Stanley and Goldman Sachs ahead of its initial public offering. The company ultimately listed with a $75.5 billion market cap. The Times reports institutional...

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