Uber has been valued at $82bn ahead of its share listing in what is expected to be one of the biggest stock market flotations in 2019.
The ride-hailing app is asking investors to pay $45 per share, at the lower end of the price range expected.
Uber’s conservative price is an attempt to avoid what happened to its rival Lyft whose shares fell by up to a third after its recent listing, said analysts.
Uber is yet to make a profit and warned recently it may never do so.
Since it was founded in 2009, has lost about $9bn.
Investors are now betting on Uber’s growth prospects as it diversifies into several other sectors like developing driverless cars, and a food delivery operation, ‘Uber Eats’.