Uber is reportedly set to price its IPO at the midpoint of its target or below, giving it a valuation of as much as $86 billion

• Uber is set to price its initial public offering at the midpoint of its target range or below, according to a report from The Wall Street Journal .
• The pricing was influenced by the disappointing stock-market performance of competitor Lyft , according to the report, which cites people familiar with the matter.

Source: Uber is reportedly set to price its IPO at the midpoint of its target or below, giving it a valuation of as much as $86 billion