FILE PHOTO: Dara Khosrowshahi, Chief Executive Officer of Uber, speaks at the Bloomberg Global Business forum in New York, U.S., September 26, 2018. REUTERS/Shannon StapletonReuters


Uber is set to price its initial public offering at the midpoint of its target range or below, according to a Wednesday report from The Wall Street Journal.

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The pricing was influenced by the disappointing stock-market performance of competitor Lyft, according to the report, which cites people familiar with the matter.

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Uber has not responded to Business Insider’s request for comment.

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This story is developing. Check back for updates.

 

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