halls thronged: The San Francisco-based company hopes to raise 10bn in a listing valuing it at 90bn, according to The Independent. Dara Khosrowshahi, the chief executive, embarked on a pre-float roadshow last week, touring hotel function rooms from New York to London, addressing halls thronged with investors and asking them to give Uber a five-star rating. This week Uber, the ride-hailing and food delivery service, will put a price on the shares it will issue in the largest tech company float since Facebook in 2012. Demand for the shares reportedly exceeds supply already, indicating that everything is falling into place for a barnstorming debut when the stock exchange bell eventually rings on the morning of the float. Uber's proposition is a curious one. The company has yet to give an estimated time of arrival for this, although if the accuracy of its ride-hailing app is anything to go by, that might be no bad thing.
(news.financializer.com). As
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