Ride-sharing startup Lyft, as expected, announced this morning that it is kicking off the roadshow for its IPO — setting the clock ticking for its IPO likely in the next two weeks. Around that, it also filled in some more details. The stock will trade as “LYFT” on Nasdaq, and the IPO range is currently set for… Continue reading Lyft sets $62-68 price range for its IPO to raise up to $2.1B, will trade as LYFT on Nasdaq
Tag: Uber
Car manufacturer: BMW CEO Krüger sees no room for new jobs
Harald Kruger “We keep on hiring, but will not grow this year,” Krüger said. (Photo: AP) BerlinBMW-Boss Harald Kruger In 2019, given the fall in profits, there is no room for additional job creation. “We continue to recruit, but this year will not grow,” said Krüger the “Süddeutsche Zeitung”. BMW must now save in all… Continue reading Car manufacturer: BMW CEO Krüger sees no room for new jobs
Uber plans to kick off IPO in April
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A man holds an Apple iPad Mini as he uses Uber app.
Ride-hailing company Uber is planning to kick off its initial public offering in April, putting it close on the heels of its smaller rival Lyft, people familiar with the matter said on Thursday.
Next month, Uber will issue its required public disclosure, known as an S-1, and launch its investor roadshow, the people said.
The IPO is expected to be one of the biggest technology debuts. The Wall Street Journal previously reported that proposals for Uber's IPO valued the company at $120 billion.
The timing for Uber's IPO means it will most likely be hitting the public markets soon after Lyft completes its own public offering, which is expected to happen by the end of March, people familiar with the matter said.
Uber and Lyft join a number of tech companies expected to go public this year, including Slack, Pinterest and Palantir.
Uber declined to comment.
–CNBC contributed to this article.
SoftBank's Masa Son: Tech evolution not slowing down at all
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Dallas Transit to Subsidize Uber Rides
The transit agency signed a one-year contract with Uber that is projected to cost about $1.15 million. Photo via Uber. In an effort to boost ridership, Dallas Area Rapid Transit (DART) is partnering with Uber to provided subsidized, shared rides to customers in six of the transit agencies zones, Dallas News reports. The free and… Continue reading Dallas Transit to Subsidize Uber Rides
In brief: SoftBank, Toyota in talks for $1b investment in Uber
The investment would provide a cash injection for the Uber’s self-driving program, which is currently not generating revenue. Go to Source
Uber in talks to sell stake in self-driving unit to SoftBank
Potential $1bn investment in Advanced Technologies Group would occur before IPO Go to Source
SoftBank, Toyota in talks to invest $1 billion in Uber’s self-driving unit: sources
NEW YORK (Reuters) – A group of investors led by SoftBank Group Corp and Toyota Motor Corp is in talks to invest $1 billion or more into Uber Technologies Inc’s self-driving vehicle unit, which would value the unit at $5 billion to $10 billion, said two people familiar with the talks. FILE PHOTO: Uber’s logo… Continue reading SoftBank, Toyota in talks to invest $1 billion in Uber’s self-driving unit: sources
UPDATE 2-SoftBank, Toyota in talks to invest $1 bln in Uber’s self-driving unit -sources
NEW YORK (Reuters) – A group of investors led by SoftBank Group Corp and Toyota Motor Corp is in talks to invest $1 billion or more into Uber Technologies Inc’s self-driving vehicle unit, which would value the unit at $5 billion to $10 billion, said two people familiar with the talks. FILE PHOTO: Uber’s logo… Continue reading UPDATE 2-SoftBank, Toyota in talks to invest $1 bln in Uber’s self-driving unit -sources
Uber said to be raising $1B at a $10B valuation for its self-driving car unit
Uber is in negotiations with investors, including the SoftBank Vision Fund, to secure an investment as large as $1 billion for its autonomous vehicles unit. The deal would value the business at between $5 billion and $10 billion, according to a Tuesday report from The Wall Street Journal. Uber declined to comment. The news comes… Continue reading Uber said to be raising $1B at a $10B valuation for its self-driving car unit
Drivezy, India’s vehicle sharing startup, is raising $100M+ at a $400M valuation, eyes US expansion
Drivezy — the startup out of India that wants to turn private car usage on its head through a car-sharing network where people lend their cars and two-wheeled vehicles but also have options to use vehicles from a fleet managed by Drivezy — said it is raising more money as it gears up for the… Continue reading Drivezy, India’s vehicle sharing startup, is raising $100M+ at a $400M valuation, eyes US expansion