Uber would be looking for a valuation up to $ 90 billion for its IPO – TechCrunch

Uber would seek to sell shares between $ 44 and $ 50, with the goal of raising between $ 8 and $ 10 billion. That would give the company between $ 80 billion and $ 90 billion, Bloomberg reports.

Previous reports had established Uber's valuation at around $ 120 billion. Nevertheless, this valuation is higher than its latest valuation of $ 76 billion after a round of financing.

It is likely that this valuation decline is influenced by Lyft's performance on the public market. Since its debut at NASDAQ, Lyft's shares have suffered from soaring nearly 10% on the first day.

Although Uber has not yet formally set the terms for its IPO, the company is expected to do so tomorrow. Even though Uber is looking to reach the bottom of the expected range, the amount of its IPO will be more than three times Lyft's US $ 2.34 billion. This would also make Uber's IPO the largest in the US since Alibaba in 2014.

In 2018, Uber achieved a turnover of $ 11.27 billion in 2018, a net profit of $ 997 million and adjusted EBITDA losses of $ 1.85 billion. Uber, which requested its IPO two weeks ago, is expected to be listed on the New York Stock Exchange in May.