Australia  

Celebrating 10 Years of Trusted News Discovery
One News Page
> > >

Uber to start pitching IPO Friday -source

Video Credit: Reuters Studio - Duration: 01:12s - Published < > Embed
Uber to start pitching IPO Friday -source

Uber to start pitching IPO Friday -source

Ride-hailing company Uber will unveil terms for its initial public offering on Friday, telling investors it will seek to be valued at between $80 billion and $90 billion, according to people familiar with the matter.

Jane Lanhee Lee reports.

0
shares
ShareTweetSavePostSend
 

Uber to start pitching IPO Friday -source

$80 to 90 billion dollars.

That's the market valuation ride hailing app Uber is aiming for when it lists shares on the stock market, according to Reuters sources who said Uber plans to unveil terms for its initial public offering on Friday (April 26).

Uber is on track for one of the biggest tech IPOs and the largest since Chinese e-commerce giant Alibaba listed shares in NY in 2014.

The value of its market debut would only be slightly higher than Uber's most recent valuation in the private fundraising market at $76 billion dollars.

And it's much lower than the $120 billion dollar IPO whisper number Uber was once told it could fetch.

The more moderate expectation reflects the poor stock performance of its smaller rival Lyft which listed last month.

Lyft shares are over 20 percent lower from the listing price as skepticism rises about its path to profitability.

And Uber's losses are even bigger.

Uber will take to the road starting on Monday (April 29) to sell its story to investors, setting the stage for the company to debut on the New York Stock Exchange in early May.




You Might Like


Recent related videos from verified sources

Uber office parties celebrating IPO offering shutdown amidst total chaos [Video]Uber office parties celebrating IPO offering shutdown amidst total chaos

Partying at Uber's headquarters in San Francisco started at 5:30 a.m. on May 10, the day the company launched its initial public offering (IPO), The Washington Post's Faiz Siddiqui reported. San..

Credit: Rumble     Duration: 01:06Published

Uber Office Parties Celebrating IPO Offering Shutdown Amidst Total Chaos [Video]Uber Office Parties Celebrating IPO Offering Shutdown Amidst Total Chaos

Partying at Uber's headquarters in San Francisco started at 5:30 a.m. on May 10, the day the company launched its initial public offering (IPO), The Washington Post's Faiz Siddiqui reported. San..

Credit: Wochit     Duration: 01:06Published

Beyonce's Uber IPO Explained [Video]Beyonce's Uber IPO Explained

Beyonce reportedly received $6 million worth of restricted Uber stock roughly four years ago. For the full story on Beyonce check..

Credit: HipHopDX     Duration: 01:45Published

Uber Stock Continues To Tank [Video]Uber Stock Continues To Tank

On Monday, Uber shares plunged after the company suffered through a brutal initial public offering on Friday, Uber's IPO saw the biggest first-day dollar loss in US IPO history. Business Insider..

Credit: Wochit     Duration: 00:32Published

Uber down $14 Billion since Friday [Video]Uber down $14 Billion since Friday

Ride-sharing company Uber has had another rocky day on Wall Street. Gizmodo reports that the car service companies disappointing IPO is becoming disastrous, falling an additional 10.8 percent in its..

Credit: Rumble     Duration: 00:38Published

Uber Down $14 Billion Since Friday [Video]Uber Down $14 Billion Since Friday

Ride-sharing company Uber has had another rocky day on Wall Street. Gizmodo reports that the car service companies disappointing IPO is becoming disastrous, falling an additional 10.8 percent in its..

Credit: Wochit     Duration: 00:38Published

Another brutal session for shares of Uber [Video]Another brutal session for shares of Uber

Uber shares closed down over 10% on Monday, more than doubling their losses since the ride-hailing giantโ€™s poorly received Wall Street debut on Friday. Jane Lanhee Lee reports.

Credit: Reuters - Business (Amazon FireT     Duration: 02:02Published

Uber's IPO: Where Do We Go From Here? [Video]Uber's IPO: Where Do We Go From Here?

Oh, Uber . It certainly has been a rough go. For those of you living under a rock... Uber's stock dropped for a second uber-disappointing trading day on Monday, May 13, 2019. Friday it closed the day..

Credit: The Street     Duration: 00:56Published

Environmentally friendly: One News Page is hosted on servers powered solely by renewable energy
© 2019 One News Page Ltd. All Rights Reserved.
About us  |  Contact us  |  Disclaimer  |  Press Room  |  Terms & Conditions  |  Content Accreditation
 RSS  |  News for my Website  |  Free news search widget  |  In the News  |  DMCA / Content Removal  |  Privacy & Data Protection Policy
How are we doing? FeedbackSend us your feedback  |   LIKE us on Facebook   FOLLOW us on Twitter  •  FOLLOW us on Pinterest
One News® is a registered trademark of One News Page Ltd.