Mexican Media Brands
Uber Files for IPO
Ride-hailing service Uber Technologies Inc. filed initial paperwork on Thursday for an initial public offering next year, according to media reports.
#economics
Share
Ride-hailing service Uber Technologies Inc. filed initial paperwork on Thursday for an initial public offering next year, according to media reports.
The confidential filing came on the same day rival Lyft Inc. filed its own confidential S-1 filing statement with the U.S. Securities and Exchange Commission.
Neither filing indicates the timing, price or number of shares to be offered. But each company is scrambling to launch its IPO ahead of the other, figuring the first to do so will have the better chance of wooing investors. The rivals also face a cooling market because of worries about a possible recession.
Uber has an estimated IPO market valuation of $120 billion. That compared with about $76 billion for Lyft.
RELATED CONTENT
-
Cobots: 14 Things You Need to Know
What jobs do cobots do well? How is a cobot programmed? What’s the ROI? We asked these questions and more to four of the leading suppliers of cobots.
-
On Electric Pickups, Flying Taxis, and Auto Industry Transformation
Ford goes for vertical integration, DENSO and Honeywell take to the skies, how suppliers feel about their customers, how vehicle customers feel about shopping, and insights from a software exec
-
Increasing Use of Structural Adhesives in Automotive
Can you glue a car together? Frank Billotto of DuPont Transportation & Industrial discusses the major role structural adhesives can play in vehicle assembly.
