Uber's $3.321 Billion Trading Volume Ranks 22nd as Stock Surges 11.45% in Three Days

On May 13, 2025, Uber's trading volume reached $3.321 billion, ranking 22nd in the day's stock market. Uber's stock price rose by 4.11%, marking the third consecutive day of gains, with a total increase of 11.45% over the past three days.

Uber Technologies announced its intention to offer $1.0 billion in exchangeable senior notes due in 2028 to institutional buyers. This move is part of the company's strategy to raise capital and strengthen its financial position. The notes will be exchangeable for Uber's common stock, providing investors with the flexibility to convert their holdings into equity if they choose to do so.

Additionally, Uber has indicated that it will grant the initial purchaser of the notes an option to purchase additional notes, further enhancing the appeal of the offering to potential investors. This proposed private placement is subject to market conditions and other factors, and the company has not yet provided specific details on the terms of the offering.