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Uber is expected to set its share price at $45

Uber is expected to set its share price at $45
[Photo: Bloomberg/Getty Images]

Uber set its debut stock price toward the bottom of its range at $45 per share. The company will raise roughly $8 billion with a market value of $82 billion, falling short of what investors once hoped would be a $100 billion valuation.

The IPO comes at an interesting time for the company. Its rival Lyft just went public, raising $2.34 billion, and many are questioning whether either company can become profitable.

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