Uber pricing IPO at $45: WSJ

Yahoo Finance\'s Myles Udland and Seana Smith discuss Uber IPO pricing. Uber (UBER) reportedly priced its initial public offering on Thursday at $45 per share, reflecting a volatile market and bad timing after ride-sharing rival Lyft tumbled in its initial debut. Just ahead of its official floatation, The Wall Street Journal reported that the company had priced its offering at $45, at the low end of its stated range. That would value Uber at over $80 billion — a substantial drop from what was originally estimated to be a $100 billion-plus company. On April 26, Uber said in an amended regulatory filing with the Securities and Exchange Commission that it planned to lower the range of its offering to between $44 and $50 per share, below a previously reported range of $48-$55 per share. Playing into the decision to scale back expectations is a market currently in turmoil amid U.S-China trade worries. The ride sharing company is official