Uber Technologies $8.1 billion IPO
Davis Polk advised the underwriters in connection with the $8.1 billion initial public offering of 180,000,000 shares of common stock of Uber Technologies, Inc. Uber’s common stock is listed on the New York Stock Exchange under the symbol “UBER.”
Uber revolutionized personal mobility with its ridesharing business, which allows millions of consumers and drivers to tap a button and get a ride or tap a button and get work. In addition to getting people from point A to point B, Uber is working to bring the future closer with self-driving technology and urban air transport through its Advanced Technologies Group, helping people order food quickly and affordably through Uber Eats, removing barriers to healthcare through Uber Health, creating new freight-booking solutions through Uber Freight and helping companies provide seamless employee travel experiences through Uber for Business. Uber is headquartered in San Francisco, California.
The Davis Polk corporate team included partner Alan F. Denenberg and associates Emily Roberts, Tierney O’Rourke and Daniel Fox. Partner Rachel D. Kleinberg provided tax advice. Partner Frank J. Azzopardi and associate Michael V. Policastro provided intellectual property and technology advice. Counsel Gregory D. Hughes provided executive compensation advice. Counsel Jeanine P. McGuinness provided regulatory advice. Counsel Marcie A. Goldstein provided FINRA advice. Members of the Davis Polk team are based in the Northern California, New York and Washington DC offices.