Uber-rich: the wealthy people who will get even wealthier from IPO

Ride-hailing app valued at $80bn, below its initial target – but it will still make billions for some early investorsUber on Thursday priced its shares at $45 each on its Wall Street debut, valuing the company at a disappointing $82bn.While its value could rise on the first day of trading, the figure is well below Uber’s initial $100bn target as investors got the jitters about the lacklustre performance of the float staged by its rival Lyft in March. Continue reading...