Ride-sharing giant Uber began public trading on Friday, seeking a valuation that far exceeds some of the business world’s most recognizable companies, even after the tech giant acknowledged that it may never become profitable.

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Uber priced its initial public offering at $45 per share this week, which correlates to a valuation of roughly $82 billion. Shares began trading publicly at $42 per share, which values the company at approximately $77 billion.

While the first public trades were below initial estimates, which pegged Uber’s market capitalization as high as $120 billion, it still ranks as the largest IPO in recent memory.

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