We have Lyft Off For Most Anticipated IPO of 2019

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The Uber Technologies Inc. (NYSE: UBER) initial public offering (IPO) hot Friday.

The company originally priced its IPO at $45 per share, though it entered below at $42. This comes in below the lower end of the expected price range Uber gave earlier this week of $44 to $50, for its 180 million shares, with an overallotment option for an additional 27 million shares.

The underwriters for the offering are Morgan Stanley, Goldman Sachs, Merrill Lynch, Barclays, Citigroup, Allen, RBC Capital Markets, SunTrust Robinson Humphrey, Deutsche Bank, HSBC, SMBC, Mizuho Securities, Needham, Loop Capital Markets, Siebert Cisneros Shank, Academy Securities, BTIG, Canaccord Genuity, CastleOak Securities, Cowen, Evercore ISI, JMP Securities, Macquarie Capital, Mischler Financial Group, Oppenheimer, Raymond James, William Blair, Williams Capital and TPG Capital.

The company intends to use the net proceeds from this offering for general corporate purposes, including working capital, operating expenses and capital expenditures.