Uber Technologies, Inc. (Uber) is a company that develops and operates proprietary technology applications to connect consumers with independent providers of ride services for ridesharing services and with restaurants and food delivery service providers for meal preparation and delivery services. The investors in Uber are interested in harvesting their investments. The leading investment banks, Morgan Stanley (MS) and Goldman Sachs (GS), are recommending an IPO that would yield gross proceeds of about $8.1 billion. MS and GS estimate a pre-money valuation of $66.9 billion and a target aftermarket price of $45 per share. The underwriters target a 15% underpricing. MS, GS and the rest of the underwriters would charge a total fee of $5 million. In addition, Uber would incur out-of-pocket costs of about $4 million. How much is Uber's post-money valuation? Enter your answer in billions, round to 1 decimal point.

Assuming the IPO is designed to achieve a target aftermarket share price of $45, what will be the offer price of the IPO?

How many shares should be outstanding after the IPO?

How many shares does Uber need to issue to achieve its target gross proceeds?

How many shares will the current shareholders have after the IPO?

How much is the total underpricing cost?

After all costs, including the implicit cost of underpricing, what is the dollar total cost of the issue?

After all costs, including the implicit cost of underpricing, what is the dollar total cost per share issued?

After all costs, including the implicit cost of underpricing, how much will Uber net per share issued?

What is the total issue cost as a percentage of gross proceeds?

What is the total issue cost as a percentage of the aftermarket value of issued shares?