Uber Technologies Inc. is leaning toward pricing its initial public offering at $45 a share, below the midpoint of its expected range, according to people familiar with the matter, in the largest new issue in five years.
At that price, Uber would command a valuation of roughly $82 billion, making it the largest U.S.-listed IPO since Alibaba Group Holding Ltd. went public in 2014. Still, that’s less than the valuation of as much as $100 billion the ride-hailing giant had earlier targeted.
Only people with lots of Money or with Black Money would purchase perennially money losing Uber shares.
Really?
Is ISIS Leader, Abu Bakr al-Baghdadi, selling fish in Colombo?
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Uber Wants to Be the Uber of Everything—But Can It Make a Profit?E-bikes over cars. Parking lots replaced by parks. Drone delivery. This is Uber's vision for the future—with the company at the center. Now it just needs to make money. Uber was a very stupid name selection ( I know what it means)... Anything is better than having to pay drivers When you give what customer what in your own style and at a price that is favourable to the middle class margin. Profits come calling.
Source: WSJ - 🏆 98. / 63 Read more »
Uber Set to Price IPO at Midpoint of Target Range or BelowUber Technologies is on track to price its initial public offering at the midpoint of its target or below, according to people familiar with the matter, following a big stock-market drop and the disappointing debut of rival Lyft.
Source: WSJ - 🏆 98. / 63 Read more »
Uber and Lyft drivers are planning to strike this week, and it highlights the challenge the 2 ride-hailing giants face as public companiesUber and Lyft are still fighting tooth and nail for market share in the United States. still trying to figure out how much an uber driver actually earns per hour after expenses
Source: BusinessInsider - 🏆 729. / 51 Read more »
Uber and Lyft drivers strike for pay transparency — after algorithms made it harder to understandIt is the culmination of years of escalating tensions between the companies and their contract work forces. **WASHINGTON** *VULVANLES A LLAMAR A LOS *BANCOS* INCLUIDO *BANJERCITO* SI NO ME HACEN DE *URGENTE ME *REPONGAN MIS CHEKERAS'666*Y ME *LAS ENTREGUEN PERSONALMENTE* PUESN Don't need an algorithm to understand the workers are getting fucked over for people rich enough to buy in to get paid more. Uber and lyft should be fucking ashamed. I wish someone would recreate both, pay the workers and leave uber and lyft to die. Fuck them. Consumers behavior
Source: washingtonpost - 🏆 95. / 72 Read more »
Uber in driver’s seat as IPO market gears up for busiest week since 2015The U.S. initial public offering market is facing its biggest week since 2015 with at least 15 deals expected to price, including Uber, the biggest IPO since...
Source: MarketWatch - 🏆 3. / 97 Read more »