Uber to price IPO at or below midpoint of target range: Source
Uber will price its IPO at the midpoint of its target range or below, a source familiar with the matter told CNBC.
Uber set a price range of $44 to $50 per share for its IPO in an updated filing last month. On a fully diluted basis, that would put Uber's valuation at $80.53 billion on the low end of the range and $91.51 billion on the high end.
Uber is expected to price its shares Thursday and start trading on Friday.
Analysts have remained skeptical of Uber's lofty valuation as its competitor Lyft has fallen during its short tenure on the public market. The price range Uber provided last month already shaved off some of the expected market value, which was originally expected to be as high as $100 billion.
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