- Ride-hailing company Uber Technologies Inc is aiming for a valuation of up to $91.5 billion in its initial public offering, potentially the largest U.S. listing in years and a test of investor appetite for a high-growth but highly unprofitable business.
Reuters reported earlier this month that the combined value of Uber shares sold in the IPO could be around $10 billion. Uber will face a host of questions from investors, including when it will turn a profit, how it will navigate the transition to autonomous vehicles and whether its business model can support higher driver costs from minimum wage rules.
The valuation that Uber is seeking in its IPO is less than the $120 billion that investment bankers told Uber last year it could fetch, and closer to the $76 billion valuation it attained in its last private fundraising round in 2018.
It's just an app, people. They produce nothing except exploited workers with no benefits. Investing in tulips makes more sense.
And they employ Illegal aliens. Not to mention the known sexual assault history.⭐
😂😂😂
Yeah, not investing in that....
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