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Uber dips from record after $1 bln exchangeable notes deal unveiled

ReutersMay 13, 2025 8:29 PM

Shares of Uber Technologies UBER.N down 1.1% at $90.75 post-market as ride-hailing firm seeks capital raise

San Francisco, California-based Uber announces private offering of $1 bln exchangeable notes due 2028

It plans to use net proceeds for general purposes, including potential strategic investments

Co has ~$192 bln market cap, per LSEG data

Last week, co missed Wall Street's qtrly rev expectations on slowing ride-hailing growth

UBER shares on Tues finished up 4.1% at record high close of $91.72, extending YTD gain to 52%

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