Uber is reportedly set to price its IPO at the midpoint of its target or below, giving it a valuation of as much as $86 billion

Dara Khosrowshahi, Chief Executive Officer of Uber, speaks at the Bloomberg Global Business forum in New York

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Dara Khosrowshahi, Chief Executive Officer of Uber, speaks at the Bloomberg Global Business forum in New York
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Reuters

Uber is set to price its initial public offering at the midpoint of its target range or below, according to a Wednesday report from The Wall Street Journal.

The pricing was influenced by the disappointing stock-market performance of competitor Lyft, according to the report, which cites people familiar with the matter.

Uber has not responded to Business Insider’s request for comment.

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