YOUR BUSINESS AUTHORITY
Springfield, MO
YOUR BUSINESS AUTHORITY
Springfield, MO
Uber has scaled back its initial public offering plans.
The company intends to raise over $10 billion at a valuation of $84 billion.
Previously, The Wall Street Journal reported Uber considered a valuation target of $100 billion.
PayPal separately agreed to buy $500 million worth of Uber's common stock in a private placement that's equal to the price set in the IPO.
Read more from CNN Business.
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