Uber Offers Shares At $45 Apiece In IPO, Company Valued At $82 Billion

Uber is set for its Wall Street debut Friday with a massive share offering that is a milestone for the ride-hailing industry and the so-called "sharing economy", but which comes with simmering concerns about its business model.

Shares will be priced at $45 for the initial public offering (IPO), valuing the start-up at more than $82 billion, according to a filing with the US Securities and Exchange Commission.

San Francisco-based Uber was set to begin trading on the New York Stock Exchange under the eponymous ticker "UBER" in one of the largest initial public offerings in the tech sector.