TLDR
- Uber stock dropped to around $72 on Wednesday after reports of a €4.5 billion ($5.2B) debut eurobond offering
- The five-part bond deal attracted over €21 billion in investor demand, with maturities ranging from 3 to 20 years
- The fundraising supports Uber’s planned $10 billion investment in robotaxis over the next several years
- Uber’s COO Andrew Macdonald bought $5.3 million worth of stock on September 4
- Delivery Hero’s board backed Uber’s $14.8 billion takeover bid, recommending shareholders accept the offer
Uber stock slipped to around $72 on Wednesday morning after Bloomberg reported the company is raising €4.5 billion ($5.2 billion) through its first-ever eurobond offering.
The deal is structured across five parts, with maturities ranging from three to 20 years. Investor demand was strong, with the offering drawing over €21 billion in orders.
This is not Uber’s first visit to the bond market. In September 2025, it raised $2.25 billion through senior notes, and earlier that year priced a $1 billion senior note in May.
The latest capital raise is tied to Uber’s $10 billion commitment to robotaxis. The company is buying robotaxi fleets and taking stakes in autonomous vehicle developers.
Uber sold its own self-driving unit back in 2020. Now it is moving fast to catch up. Last month, it launched its first robotaxi service in Europe in Zagreb, Croatia.
It has also partnered with British self-driving firm Wayve to launch London’s first robotaxi fleet.
To manage costs during this investment push, Uber cut its global workforce by 10% and has been leaning on AI to streamline operations.
Q2 Results Show Strong Momentum
Despite the spending, the business is growing. In Q2 2026, Uber’s gross bookings rose 24% year-over-year to $58 billion.
That growth is helping support Wall Street’s bullish stance on the stock. Analysts have a Strong Buy consensus, based on 30 Buy ratings and four Holds over the past three months. The average price target of $103.83 implies around 44% upside from current levels.
There was also a notable insider signal. Uber COO Andrew Macdonald purchased 70,000 shares on September 4 for a total of $5.3 million.
Delivery Hero Deal Gets Board Approval
On the deal front, Delivery Hero confirmed its management and supervisory boards support Uber’s $14.8 billion takeover bid and are recommending shareholders accept it.
Uber announced the agreement in July after steadily building its stake in the German delivery company, becoming its largest shareholder before entering formal talks.
Delivery Hero’s boards said the combination “has the potential to accelerate product innovation and create additional opportunities for employees, customers, merchants, riders, drivers, and other stakeholders.”
Tech investor Prosus, which also holds a stake in Delivery Hero, is set to sell its remaining position to Uber as part of the deal.
Uber’s average analyst price target currently stands at $103.83, with the stock trading near $72 as of Wednesday morning.
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