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
-
On Quantum Navigation, EVs, Auto Industry Sales and more
Sandia’s quantum navi, three things about EVs, transporting iron ore in an EV during the winter, going underwater in an EV (OK, it is a sub), state of the UK auto industry (sad), why the Big Three likes Big Vehicles, and the future of logistics.
-
Report Forecasts Huge Economic Upside for Self-Driving EVs
Widespread adoption of autonomous electric vehicles could provide $800 billion in annual social and economic benefits in the U.S. by 2050, according to a new report.
-
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.