Uber Technologies Inc.’s highly anticipated public offering will raise more than $8 billion, the company disclosed Thursday afternoon, making it the biggest...
Uber Technologies Inc.’s highly anticipated initial public offering will raise more than $8 billion, the company disclosed Thursday afternoon, making it the biggest IPO for a U.S.-based company since Facebook Inc. went public in 2012.
The company’s IPO is the biggest U.S. offering since Facebook FB, -0.95% raised $16 billion with its 2012 IPO. Chinese e-commerce company Alibaba Group Holding Ltd. BABA, -0.92% raised about $25 billion in 2014, while Visa Inc. V, -0.45% brought in nearly $18 billion in 2008. “We view Uber’s conservative pricing as a smart and prudent strategy coming out of the box as it clearly learned from its ‘little brother’ Lyft, and the experience it has gone through over the past month,” Wedbush analyst Daniel Ives wrote in a note soon after Uber priced its shares.The ride-hailing giant saw its revenue climb to $11.3 billion in 2018 from $7.9 billion a year earlier, representing a growth rate of 43%, but it has struggled with gigantic losses.
Uber’s prospectus included some wonky metrics, including a “core platform take rate” of 20% last year. The company’s core platform mainly consists of its ride-sharing and Uber Eats businesses.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Uber prices IPO at $45 per share, at low end of rangeUber is preparing for its public debut on the New York Stock Exchange on Friday.
Read more »
Uber prices IPO at $45 per share, toward the low end of rangeUber is preparing for its public debut on the New York Stock Exchange on Friday.
Read more »
Uber Leaning Toward Pricing Shares at $45 Apiece—SourcesThe landmark IPO of ride-hailing firm Uber is expected to price later Thursday as investors weigh a broader stock-market decline and the struggles of rival Lyft’s shares.
Read more »
Warren Buffett: I'm not buying the Uber IPO, but I've never bought any IPO“In 54 years, I don’t think Berkshire has ever bought a new issue,” Warren Buffett said.
Read more »
Warren Buffett: I'm not buying the Uber IPO, but I've never bought any IPO everBerkshire Hathaway Chairman and CEO Warren Buffett explains why he passed on Uber's initial public offering.
Read more »
Uber to price IPO at midpoint of target range or below: SourceUber will price its IPO at the midpoint of its target range or below a source told CNBC.
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.
Read more »
Uber IPO: Why This Could Be A Mythical UnicornMore than 100 Unicorns are to rush onto the IPO scene this year, but their hasty arrival has shades of the 2000's dot-com hysteria, with firms like Uber Technologies, WeWork and Airbnb flirting with potential disaster as hype takes precedence over debt and a lack of foresight.
Read more »
Uber IPO: Should you buy stock Day 1 or wait?Buying low and selling high — that’s the name of the game for investors looking to capitalize on IPOs. Play our game to find out how well you can predict the market.
Read more »
Uber drivers eye IPO riches, call for strike in U.S. and UKUber drivers eye IPO riches, call for strike in U.S. and UK by leejane71 alexandriasage ReutersJF
Read more »