Mexican Media Brands
Uber IPO Estimated at $120 Billion
Uber Technologies Inc. has received proposals from banks for an initial public stock offering valued at $120 billion, The Wall Street Journal reports.
#economics
Share
Uber Technologies Inc. has received proposals from banks for an initial public stock offering valued at $120 billion, The Wall Street Journal reports.
Goldman Sachs and Morgan Stanley delivered the proposals to the ride-hailing giant last month, sources tell the newspaper. Uber, which is yet to turn a profit, also is said to be considering moving up the IPO from the second half of 2019 to earlier in the year, The Journal says.
Reports earlier this year valued Uber at about $76 billion following a $500 million investment from Toyota Motor Corp. Japanese telecom giant, which led a consortium to buy 15% of Uber last year, is the company’s largest shareholder.
Last month CEO Dara Khosrowshahi confirmed plans to launch an IPO next year. Rival Lyft Inc. also is planning an IPO next year.
RELATED CONTENT
-
Inside Ford
On this edition of “Autoline After Hours” Joann Muller, Detroit bureau chief for Forbes, provides insights into what she’s learned about Ford, insights that are amplified on the show by our other panelists, Stephanie Brinley, principal analyst at IHS Markit who specializes in the auto industry, and Todd Lassa, Detroit Bureau Chief for Automobile.
-
Tariffs on Autos: “No One Wins”
While talk of tariffs may make the president sound tough and which gives the talking heads on cable something to talk about, the impact of the potential 25 percent tariffs on vehicles imported to the U.S. could have some fairly significant consequences.
-
On Global EV Sales, Lean and the Supply Chain & Dealing With Snow
The distribution of EVs and potential implications, why lean still matters even with supply chain issues, where there are the most industrial robots, a potential coming shortage that isn’t a microprocessor, mapping tech and obscured signs, and a look at the future