Uber Technologies has demand for all the shares offered in its initial public offering days after it began marketing the sale, people familiar with the matter said.
The initial investor feedback comes after Uber kicked off its IPO roadshow with meetings in London on Monday, the people said, asking not to be identified because discussions are private. Uber will continue meeting potential buyers in New York and San Francisco as it seeks to raise as much as $9 billion.
A representative for the company declined to comment.
The No. 1 ride-hailing company is offering 180 million shares at $44 to $50 apiece, according to a regulatory filing last week. At the top of the range, the listing would value Uber at almost $84 billion, based on the number of shares outstanding after the offering as detailed in the filing. That’s down from initial estimates of about $120 billion from investment banks pitching for roles on the deal.
