Lime, Backed by Uber (UBER), Seeking Valuation of Up to $1.66 Billion in U.S. IPO

1 day ago 2

Noor Ul Ain Rehman

Sat, June 27, 2026 astatine 1:36 PM CDT 2 min read

Uber Technologies, Inc. (NYSE:UBER) is 1 of the harmless stocks for beginners to bargain successful 2026. Reuters reported connected June 22 that Lime, backed by Uber Technologies, Inc. (NYSE:UBER), is seeking a valuation of up to $1.66 cardinal successful its U.S. IPO arsenic it looks to capitalize ‌on improving capitalist appetite for caller listings. It further reported that a rebound has been observed successful the IPO market, which was caused by the volatility owed to the Iran war, and galore hopeful issuers are pushing up "with their plans to spell nationalist as beardown equity markets and blockbuster IPOs enactment up capitalist demand". Reuters added that immoderate selling shareholders are looking to merchantability astir 6.96 cardinal shares successful total, which are priced betwixt $24 and $26 apiece, aiming to rise up to $181.9 million.

Uber Technologies (UBER) - Among the 10 Best Stocks to Buy Now for a $1 Million Portfolio

In a abstracted development, Reuters reported connected June 8 that Uber Technologies, Inc.'s (NYSE:UBER) users tin motion up for a accidental to thrust successful the archetypal robotaxis successful London arsenic soon arsenic the go-ahead is achieved from regulatory authorities for the launch, which is expected to get successful the coming months. It further reported that the robotaxis volition employment AI exertion from the British startup Wayve and volition thrust themselves astir the city's streets. However, they volition initially person trained operators down the instrumentality to show the system.

Uber Technologies, Inc. (NYSE:UBER) operates arsenic a exertion level that offers thrust services and merchant transportation work providers for food, groceries, repast preparation, and different transportation services. The company's operations are divided into Delivery, Mobility, and Freight. It is pioneering the instauration of autonomous vehicles to determination radical and goods much reliably, efficiently, and affordably.

While we admit the imaginable of UBER arsenic an investment, we judge definite AI stocks connection greater upside imaginable and transportation little downside risk. If you're looking for an highly undervalued AI banal that besides stands to payment importantly from Trump-era tariffs and the onshoring trend, spot our escaped study connected the best short-term AI stock.

READ NEXT: 15 Stocks That Will Make You Rich successful 10 Years AND 12 Best Stocks That Will Always Grow.

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