Mexican Media Brands
Uber Sets IPO Valuation at $91.5 Billion
Uber Technologies Inc. has capped the valuation for its initial public offering at a relatively modest $91.5 billion, reflecting investor skepticism about the ability of the ride-share service to turn a profit.
#economics
Share
Uber Technologies Inc. has set a relatively modest $80.5 billion-$91.5 billion valuation for its initial public offering, a reflection of investor skepticism about the ability of the ride-share service to turn a profit.
In a regulatory filing, Uber set a target range of $44-$50 for its shares. The company aims to begin trading on the New York Stock Exchange on May 10.
Last year, investment bankers predicted Uber IPO could fetch $120 billion. But analysts note that rival Lyft Inc. shares have skidded more than 20% since that company’s $24.3 billion floated one month ago.
RELATED CONTENT
-
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
-
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.
-
China and U.S. OEMs
When Ford announced its 3rd quarter earning on October 24, the official announcement said, in part, “Company revenue was up 3 percent year over year, with net income and company adjusted EBIT both down year over year, primarily driven by continued challenges in China.” The previous day, perhaps as a preemptive move to answer the question “If things are going poorly in China, what are you doing about it?, Ford announced that it was establishing Ford China as a stand-alone business unit.
