Uber, the transportation-on-demand behemoth, today filed its much-anticipated updated S-1, where it announced that it would be pricing its initial public offering at $44-50 per share. Selling 180 million common shares, Uber plans to raise between $7.9 billion and $9 billion ahead of its public debut on the NYSE, valuing it at $84 billion — squarely in… Continue reading Uber prices IPO at $44-50, to raise $7.9-9B, PayPal takes $500M stake in strategic partnership
Tag: Lyft
Uber unveils IPO terms that temper expectations
(Reuters) – Uber Technologies Inc, the world’s largest ride-hailing company, plans an initial public offering that values the company lower than the startup’s insiders had hoped, between $80.5 billion and $91.5 billion. The valuation, outlined in a regulatory filing on Friday, is less than the $120 billion that investment bankers told Uber last year it… Continue reading Uber unveils IPO terms that temper expectations
Uber aims for $90bn stock market debut
Uber has revealed that it is seeking a valuation of $90bn (£70bn) in its much anticipated stock market flotation. The taxi-app firm has said that its shares will be priced at between $44 and $50 each, with the share issue set to raise about $10bn. As part of the offer it will sell $500m worth… Continue reading Uber aims for $90bn stock market debut
Uber sets terms for IPO, posts $1 billion first-quarter loss
FILE PHOTO: Uber’s logo is displayed on a mobile phone in London, Britain, September 14, 2018. REUTERS/Hannah Mckay/File Photo (Reuters) – Uber Technologies Inc unveiled terms for its initial public offering on Friday, telling investors the ride-hailing company and insiders would seek to sell as much as $10.35 billion in stock at a valuation of… Continue reading Uber sets terms for IPO, posts $1 billion first-quarter loss
UPDATE 1-Uber sets terms for IPO, posts $1 bln Q1 loss
(Updates with PayPal deal, detail on roadshow) By Joshua Franklin April 26 (Reuters) – Uber Technologies Inc unveiled terms for its initial public offering on Friday, telling investors the ride-hailing company and insiders would seek to sell as much as $10.35 billion in stock at a valuation of up to $91.5 billion. Uber also said… Continue reading UPDATE 1-Uber sets terms for IPO, posts $1 bln Q1 loss
Uber to kick off investor roadshow with IPO terms on Friday
FILE PHOTO: Uber’s logo is displayed on a mobile phone in London, Britain, September 14, 2018. REUTERS/Hannah Mckay (Reuters) – Ride-hailing company Uber Technologies Inc will unveil terms for its initial public offering on Friday, telling investors it will seek to be valued at between $80 billion and $90 billion, according to people familiar with… Continue reading Uber to kick off investor roadshow with IPO terms on Friday
Analysts at Lyft underwriters say buy falling stock
(Reuters) – Wall Street’s public opinion of Lyft Inc took a major turn for the positive on Tuesday, after analysts at many of the banks that worked on its initial public offering urged clients to buy the ride hailer’s underperforming shares. The Lyft logo is seen on a parked Lyft Scooter in Washington, U.S., March… Continue reading Analysts at Lyft underwriters say buy falling stock
Sony launches a taxi-hailing app to rival Uber in Tokyo
Sony last year announced it would enter Japan’s taxi-hailing space and, good to its word, the electronics giant has kicked off its S.Ride service in Tokyo. The service — which was first noted by CNET — is a joint venture between Sony, its payment services subsidiary and five licensed taxi companies. Since ride-hailing with civilian… Continue reading Sony launches a taxi-hailing app to rival Uber in Tokyo
Anatomy of a Debacle: Uber and Shimano Threw Lyft-Owned Citi Bike Under the Bus – Streetsblog California
Does Macy’s tell Gimbels? In the days since Citi Bike officials hastily pulled all their e-bikes from New York, San Francisco and Washington, D.C., the Lyft-owned company has been under fire for not fixing the brake problem that has caused an unspecified number of crashes. But a clearer picture of Brake-gate is emerging — and… Continue reading Anatomy of a Debacle: Uber and Shimano Threw Lyft-Owned Citi Bike Under the Bus – Streetsblog California
Uber, Lyft implement new safety measures
Uber and Lyft instituted new safety features and policies this week. The move follows the death of Samantha Josephson, a student at the University of South Carolina, who was kidnapped and murdered in late March. She was found dead after getting into a vehicle that she believed to be her Uber ride. The murder, which… Continue reading Uber, Lyft implement new safety measures