Ride-hailing company Uber Technologies Inc unveiled terms for its initial public offering on Friday, telling investors it would seek to sell as ...
REUTERS: Ride-hailing company Uber Technologies Inc is aiming for a valuation of up to US$91.5 billion in its initial public offering, potentially the largest U.S. listing in years and a test of investor appetite for a high-growth but highly unprofitable business.
Uber also said PayPal had agreed to purchase US$500 million of stock in a private placement at the price the IPO eventually settles at. Uber will face a host of questions from investors, including when it will turn a profit, how it will navigate the transition to autonomous vehicles and whether its business model can support higher driver costs from minimum wage rules.Underscoring the company's ability to generate revenue but also the scale of its losses, Uber reported in the filing a net loss attributable to the company for the first quarter of 2019 of around US$1 billion on sales of roughly US$3 billion.
The valuation that Uber is seeking in its IPO is less than the US$120 billion that investment bankers told Uber last year it could fetch, and closer to the US$76 billion valuation it attained in its last private fundraising round in 2018.
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Uber sets terms for IPO, posts US$1 billion first-quarter lossREUTERS: Uber Technologies Inc unveiled terms for its initial public offering on Friday (Apr 26), telling investors the ride-hailing company and ...
Read more »
Uber sets terms for IPO, posts US$1 billion first-quarter lossREUTERS: Ride-hailing company Uber Technologies Inc is aiming for a valuation of up to US$91.5 billion in its initial public offering, potentially ...
Read more »
Uber to kick off investor road show with IPO terms on FridayRide-hailing company Uber Technologies Inc will unveil terms for its initial public offering on Friday, telling investors it will seek to be ...
Read more »
Uber to kick off investor roadshow with IPO terms on FridayRide-hailing company Uber Technologies Inc will unveil terms for its initial public offering on Friday, telling investors it will seek to be ...
Read more »
Uber, Didi slam Mexico City's new rules on ride-hailing, including cash banUber, Didi Chuxing and other ride-hailing firms on Thursday criticized a host of new regulations of the sector in Mexico's capital city, which ...
Read more »
Uber, Didi slam Mexico City's new rules on ride-hailing, including cash banMexico City's government on Wednesday issued rules that prohibit cash payments for ride-hailing services, require drivers to register with the city, and ban the use of cheaper cars, among other measures. The regulations mark a setback for San Francisco-based Uber in one of its largest markets ahead
Read more »
Uber sets US$44-US$50 per share price for IPO, posts US$1 billion first-quarter lossRide-hailing company Uber Technologies Inc unveiled terms for its initial public offering on Friday, telling investors it would seek to sell as ...
Read more »
ARA US Hospitality Trust IPO indicative offer price at US$0.88 per unit: Term sheetTHE indicative offer price for an upcoming ARA US Hospitality Trust initial public offering (IPO) is set at US$0.88 per unit, according to a term sheet seen by The Business Times. Read more at The Business Times.
Read more »
Tencent-backed live-streaming firm DouYu files for US$500 million US IPOHONG KONG: China's largest live-streaming platform DouYu International Holdings Limited, backed by social media and gaming giant Tencent Holdings ...
Read more »
Lyft's IPO banks give troubled stock a flurry of 'buy' ratingsLyft Inc picked up upbeat ratings from the brokerage arms of its Wall Street underwriters on Tuesday, allowing the ride-hailing company to recover ...
Read more »