Uber plans to set IPO price

Uber Technologies has decided it will seek to sell around $10bn (€8.8bn) worth of shares in its initial public offering, according to sources.

An IPO of this size would make Uber one of the biggest technology IPOs of all time, and the largest since that of Chinese e-commerce giant Alibaba in 2014. Uber is seeking a valuation of between $90bn and $100bn, influenced by the poor performance of smaller rival Lyft’s shares following its IPO late last month, the sources said.