NEW YORK: Ride-hailing company Uber Technologies is planning to kick off its initial public offering in April, putting it close on the heels of ...
NEW YORK: Ride-hailing company Uber Technologies is planning to kick off its initial public offering in April, putting it close on the heels of smaller rival Lyft, people familiar with the matter said on Thursday .
The neck-and-neck race extends a long rivalry between the two loss-making companies, which have battled each other for riders and drivers since their inception. The two companies are positioned to kick off a string of hotly anticipated public debuts from highly valued tech companies, energizing the IPO market after a quiet start to the year.Channel NewsAsia - Sentifi topic widget
"There is only so much capital investors are willing to put into ride-sharing companies," said Kathleen Smith, a principal and manager of IPO ETFs at Renaissance Capital. Lyft's revenue for last year was US$2.2 billion, with US$8.1 billion in gross ride bookings. The company lost US$911 million.
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Exclusive: Uber plans to kick off IPO in April - sourcesRide-hailing company Uber Technologies Inc is planning to kick off its initial public offering in April, putting it close on the heels of its ...
Read more »
Uber hires more IPO underwriters as it prepares to go public - sourcesREUTERS: Ride-hailing startup Uber Technologies Inc has hired a string of investment banks to its syndicate of initial public offering ...
Read more »
Uber hires more IPO underwriters as it prepares to go public: sourcesSmaller rival Lyft Inc is racing to list in the stock market at the end of March. While Uber will not beat Lyft to an IPO, the preparations are aimed at giving it the flexibility to go public as early as the first half of 2019, the sources said. Uber has added more than half a dozen investment banks
Read more »
Uber hires more IPO underwriters as it prepares to go public: sourcesRide-hailing startup Uber Technologies Inc has hired a string of investment banks to its syndicate of initial public offering underwriters, as it ...
Read more »
Uber hires more IPO underwriters as it prepares to go public: SourcesNEW YORK: Ride-hailing startup Uber Technologies has hired a string of investment banks to its syndicate of initial public offering underwriters, ...
Read more »
US, China driving oil demand; no April OPEC policy change: Saudi oil ministerSaudi oil minister Khalid al-Falih said on Sunday that China and the U.S. would lead healthy global demand for oil this year but that it would be ...
Read more »
Saudi's Falih: US, China driving oil demand; no April OPEC policy changeSaudi oil minister Khalid al-Falih said on Sunday that China and the U.S. would lead healthy global demand for oil this year but that it would be ...
Read more »
Exclusive: Saudi's Falih - US, China driving oil demand; no April OPEC policy changeSaudi oil minister Khalid al-Falih said on Sunday that China and the U.S. would lead healthy global demand for oil this year but that it would be ...
Read more »
London to host FIFA eNations Cup in AprilREUTERS: London will host next month's 20-team eNations Cup, soccer's world governing body FIFA announced on Thursday. The tournament, a new ...
Read more »
Doctors welcome free cervical cancer vaccine for Sec 1 girls nationwide starting in AprilSingapore—The Ministry of Health announced on Wednesday, March 6, that it will start offering the HPV vaccination against cervical cancer next month
Read more »