Brooks Rainwater Contributor More posts by this contributor Cities that didn’t win HQ2 shouldn’t be counted out As tasks wane, skills rise Autonomous vehicles will soon be ubiquitous on city streets. Before this happens, we should ask ourselves: Will they whisk us quickly through cities or make traffic worse? A car is a car, whether… Continue reading Autonomous vehicles make congestion pricing even more critical
Tag: Uber
Ride to future: Auto firms are crafting new strategies to stay on track
In this digital era, disruptions have become routine. But not many disruptions are as deep and comprehensive as those facing the automobile industry. With 3% of global car sales today, India is expected to drive half the additional global demand. To be sure, these upheavals have been in the works for a decade now. In… Continue reading Ride to future: Auto firms are crafting new strategies to stay on track
Uber prices IPO at $44-50, to raise $7.9-9B, PayPal takes $500M stake in strategic partnership
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
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
Wheely raises $15 million for its luxury ride-hailing app
London-based startup Wheely has raised a $15 million Series B round led by Concentric with Oleg Tscheltzoff, Misha Sokolov and other investors also participating. The company wants to build an Uber competitor focused on the luxury market. It’s a bit ironic when you think about it as Uber started as a luxury company. But everybody… Continue reading Wheely raises $15 million for its luxury ride-hailing app
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
Uber back on the road in Slovakia after court ban
BRATISLAVA, April 25 (Reuters) – Uber resumed operations in Slovakia’s capital Bratislava on Thursday, a year after a court ban, the ride-hailing company said. A Slovak court ordered Uber to suspend its operations in March 2018 amid taxi drivers’ protests that the service represented unfair competition. Slovakia has since passed legislation that allows Uber to… Continue reading Uber back on the road in Slovakia after court ban