Uber

Uber Is Going Public at a $75.5 Billion Valuation. Here's How That Stacks Up.

Uber's valuation is approaching the level of General Motors and Ford combined, but still has a long way to go to catch Amazon CEO Jeff Bezos' net worth.
Uber Is Going Public at a $75.5 Billion Valuation. Here's How That Stacks Up.
Image credit: Spencer Platt | Getty Images
2 min read
This story originally appeared on Business Insider

Uber priced its initial public offering at $45 a share on Thursday evening, giving it a valuation of $75.5 billion.

At that valuation, Uber is worth almost as much as Ford and General Motors combined. It will also have a valuation just above Goldman Sachs and be significantly larger than the electric-car maker Tesla.

It is almost five times as valuable as rival ride-hailing company Lyft. Uber, however, will have to rise significantly to eclipse the personal net worth of Amazon founder Jeff Bezos, which sits at $112 billion.

While Uber is huge, its valuation has dropped sharply from the $120 billion figure that was floated in October. Lyft's rocky start has hung over Uber's long-awaited New York Stock Exchange debut.

Image credit: Markets Insider

Lyft went public on March 29, and over the following six weeks have slid 23%. According to its filing prospectus, Lyft commands 39% of the US ride-hailing market while Uber holds 59%. Both companies record significant losses, with Uber losing $370 million on sales of $11.3 billion in 2018.

Demand for the Uber shares was robust, with all 180 million on offer accounted for within days of the beginning of its IPO road show, according to a report from Bloomberg, citing people familiar with the matter. The company raised $8.1 billion in through its IPO process.

Despite the lowered valuation, early Uber investors will record significant gains on their investments. Co-founder Garrett Camp will have a stake worth over $4.5 billion.

Former CEO and co-founder Travis Kalanick's stake is worth nearly $6.5 billion after he sold $1.4 billion worth of shares when he departed the company in January 2018 amid a series of scandals.

Prominent investor Softbank will also realize a significant gain, having purchased a 16% stake back in early 2018. At Friday's valuation, SoftBank's holdings will be worth over $12 billion, up from its original investment of $8.4 billion.

More from Entrepreneur

Brittney's a Certified Financial Planner who can help you manage your business and personal finances and navigate the ups and downs of starting a business.
Jumpstart Your Business. Entrepreneur Insider is your all-access pass to the skills, experts, and network you need to get your business off the ground—or take it to the next level.
Starting, buying, or growing your small business shouldn’t be hard. Guidant Financial works to make financing easy for current and aspiring small business owners by providing custom funding solutions, financing education, and more.

Latest on Entrepreneur