Scales back value target,Uber seeks $10 bn IPO

Uber is seeking to raise some $ 10 billion in what would be the largest stock offering of the year , with details coming this week , the Wall Street Journal reported Wednesday.

The global ride – hailing giant is seeking a valuation close to $ 100 billion — an impressive figure but below some earlier estimates amid an ebbing of enthusiasm on growth and profitability , the report said .

The Journal said details of Uber ’ s initial public offering (IPO ) would be released Thursday and the market debut was expected in May .

The IPO comes after a mixed response to the market debut for Lyft , the main US rival of Uber .

Lyft shares rose on the first day of trading and then lost ground .

On Wednesday, shares were trading down more than 10 percent from the $ 72 offering price.

The Journal , citing unnamed sources, said Uber recently provided documents showing a potential price range of between $ 48 and $ 55 a share , implying a valuation of between $ 90 billion and $ 100 billion .

These figures could change ahead of the market launch but would be below the estimated $ 120 billion suggested by some investment bankers , according to the report .

Uber released financial data earlier this year showing it lost $ 865 million in the fourth quarter of 2018 , compared with $ 1 . 1 billion in the same period a year earlier.

The San Francisco – based firm reported revenue of $ 3 billion , a 25 percent increase from a year earlier.

Chief executive Dara Khosrowshahi has promised greater transparency as he seeks to restore confidence in the global ridesharing leader hit by a wave of misconduct scandals .

149 thoughts on “Scales back value target,Uber seeks $10 bn IPO

  1. We are a group of volunteers and opening a new scheme in our community.
    Your website offered us with helpful information to work on. You have done an impressive process and our
    entire group might be grateful to you.

  2. Wonderful blog! Do you have any suggestions for aspiring writers?
    I’m hoping to start my own site soon but I’m a little lost
    on everything. Would you advise starting with a free platform like WordPress or go for a paid option? There are
    so many choices out there that I’m totally confused ..
    Any tips? Bless you!

  3. For most up-to-date news you have to go to see
    world-wide-web and on the web I found this site as a
    finest website for most recent updates.

  4. First off I would like to say awesome blog! I had a quick question which I’d like to ask if you do not mind.
    I was curious to know how you center yourself and clear your head before writing.
    I have had trouble clearing my mind in getting
    my ideas out there. I truly do take pleasure in writing but it just seems
    like the first 10 to 15 minutes are lost simply just trying to figure out how to begin. Any
    ideas or tips? Many thanks!

  5. Heya just wanted to give you a quick heads up and let you know a few of the images aren’t loading
    correctly. I’m not sure why but I think its a linking issue.

    I’ve tried it in two different web browsers and both show the same outcome.

  6. Today, while I was at work, my sister stole my iPad and tested to see
    if it can survive a 25 foot drop, just so she can be a youtube sensation. My iPad
    is now broken and she has 83 views. I know this is
    completely off topic but I had to share it with
    someone!

  7. Have you ever thought about creating an e-book or guest authoring on other blogs?
    I have a blog based on the same ideas you discuss and would love to
    have you share some stories/information. I know my
    audience would appreciate your work. If you’re even remotely interested, feel free
    to shoot me an email.

Leave a Reply

Your email address will not be published. Required fields are marked *


Notice: ob_end_flush(): failed to send buffer of zlib output compression (0) in /home/loudspea/public_html/wp-includes/functions.php on line 4757