SoftBank Vision Fund is selling $245m of shares while PayPal is investing $500m in the ride hailing service, in the world's largest IPO since 2014.

Uber, the US-based on-demand ride service backed by a range of corporate investors, will raise $8.1bn when it floats on the New York Stock Exchange today. The company priced 180 million shares at $45.00 each yesterday, near the foot of the $44 to $50 range it set late last month. It is the largest initial…

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