Uber IPO Interest High But Not Showing Signs Of Overheating

▤ Summary

During a busy week for initial public offerings, underwriters of the Uber IPO are reportedly taking a careful approach to the deal in order to keep expectations from overheating. Underwriters most recently valued Uber at $76 billion in a private fundraising round in August. But Wall Street bankers, in proposals reportedly made in October, indicated Uber might bring in $120 billion. The earnings report, along with current stock-market volatility, will determine what institutional investors will be willing to pay for Uber stock, IPO Boutique said. Parsons will price Tuesday and trade Wednesday on the New York Stock Exchange under the ticker PSN.

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