PayPal is investing $500 million into Uber as part of its $90 billion IPO
|04/26/2019||Posted by BusinessMediaguide.Com under General World News||
- Uber has set a price range for its upcoming float of $44 to $50 a share.
- At the high end, this would peg Uber’s valuation at $84 billion based on the shares available after the offering.
- In its amended SEC filing on Friday, Uber said PayPal was buying $500 million in stock at IPO price.
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PayPal will invest $500 million in Uber, the ride-hailing company revealed in an updated IPO filing on Friday.