Uber to price blockbuster IPO against grim market backdrop

NEW YORK (Reuters) - Uber Technologies Inc will price its initial public offering on Thursday, the most high-profile U.S. listing since Facebook Inc seven years ago, against a backdrop of turbulent financial markets and the plunging share price of its U.S. rival Lyft Inc. Uber is eager to avoid a repeat of what has happened to Lyft’s stock, which priced strongly in the company's late-March IPO, opened trading strongly, but has been falling mostly since. Lyft's stock slumped nearly 11 percent..