Mexican Media Brands
Report: Uber IPO Coming in April
Rider-hailing service Uber Technologies Inc. intends to launch a long-awaited initial public offering next month, sources tell Reuters.
#economics
Share
Rider-hailing service Uber Technologies Inc. intends to launch a long-awaited initial public offering next month, sources tell Reuters.
The offering will closely follow the IPO expected to begin later this month for smaller rival Lyft Inc. Both companies indicated their intentions to the U.S. Securities and Exchange Commission in December by filing initial paperwork on the same day.
Uber has estimated its market valuation at $120 billion. That compares with Lift’s $20 billion-$25 billion. Last year Uber and Lyft reported revenues of $11.3 billion and $2.2 billion, respectively.
RELATED CONTENT
-
Ford’s $42 Billion Cash Cow
F-Series pickups generate about 30% of the carmaker’s revenue. The tally is about twice as much as what McDonald’s pulls in.
-
Enterprise Edges into Self-Driving Car Market
U.S. rental car giant Enterprise Holdings Inc. is the latest company to venture into the world of self-driving vehicles.
-
Porsche Doubles EV Target for 2025
Porsche AG says about half the vehicles it sells by 2025 will be equipped with hybrid or all-electric powertrains, twice the ratio it forecast four weeks ago.