Uber Announces Pricing of Initial Public Offering

SAN FRANCISCO--(BUSINESS WIRE)--Uber Technologies, Inc. (“Uber”) today announced the pricing of its initial public offering of 180,000,000 shares of its common stock at a price to the public of $45.00 per share. The underwriters have been granted a 30-day option to purchase up to an additional 27,000,000 shares from certain selling stockholders at the initial public offering price less underwriting discounts and commissions. Uber will not receive any proceeds from any sale of shares by the selling stockholders. The shares are expected to begin trading on the New York Stock Exchange on May 10, 2019, under the symbol “UBER.” The offering is expected to close on May 14, 2019, subject to customary closing conditions.

Morgan Stanley, Goldman Sachs & Co. LLC, and BofA Merrill Lynch are acting as lead book-running managers for the offering. Barclays, Citigroup, and Allen & Company LLC are acting as book-running managers. RBC Capital Markets, SunTrust Robinson Humphrey, Deutsche Bank Securities, and HSBC are acting as joint book-running managers. SMBC, Mizuho Securities, Needham & Company, Loop Capital Markets, Siebert Cisneros Shank & Co., LLC, Academy Securities, BTIG, Canaccord Genuity, CastleOak Securities, L.P., Cowen, Evercore ISI, JMP Securities, Macquarie Capital, Mischler Financial Group, Inc., Oppenheimer & Co., Raymond James, William Blair, The Williams Capital Group, L.P., and TPG Capital BD, LLC are acting as co-managers for the offering.

A registration statement relating to the offering was declared effective by the Securities and Exchange Commission on May 9, 2019. The offering is being made only by means of a prospectus. A copy of the final prospectus related to the offering may be obtained, when available, from Morgan Stanley & Co. LLC, Attention: Prospectus Department, 180 Varick Street, 2nd Floor, New York, New York 10014; Goldman Sachs & Co. LLC, Attention: Prospectus Department, 200 West Street, New York, NY 10282, or by telephone at [phone]; BofA Merrill Lynch, Attention: Prospectus Department, NC1-004-03-43, 200 North College Street, 3rd floor, Charlotte, NC 28255-0001; Barclays Capital Inc., c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, or by telephone at [phone]; Citigroup Global Markets Inc., c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, or by telephone at [phone]; or Allen & Company LLC, Attention: Prospectus Department, 711 Fifth Avenue, 10th Floor, New York, NY 10022.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.