Uber, the ride-hailing giant, is set to begin trading on Friday in one of the largest US initial public offerings on record.
in October. Uber is expected to raise $8.1 billion through its IPO process, and another $500 million through a PayPal private placement.
Still, the San Francisco-based company's valuation ranks amid the largest US debuts on record, trailing only Alibaba's $169 billion debut in September 2014 and Facebook's $81 billion debut in May 2012, according to a Dealogic analysis. The lowered pricing came in the face of rival Lyft's stunning decline on the public market since debuting in late March. Lyft sharesOn the heels of Uber's debut came, attempting to raise awareness about low pay and working conditions. The strikes highlighted the regulatory risk both ride-hailing companies face in various markets in the US and, for Uber, around the world.
Uber's IPO also comes at a delicate moment for the stock market, but remains near record highs has seenfor IPOs as it shakes investor confidence and creates an uncertain environment during an important phase for newly minted shares.
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
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.
Leer más »
Uber and Lyft drivers strike for better pay: Live updatesUber drivers are walking out to protest their low pay a few days ahead of its Wall Street debut. Uber is expected to raise as much as $10 billion.
Leer más »
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
Leer más »
Strike by Uber and Lyft drivers Wednesday has potential to disrupt travel for thousandsThe work stoppage could mean longer waits for service and surge pricing — if you can hail a ride at all.
Leer más »
Uber drivers hold strikes in London, USUber drivers held a series of strikes in London and major US cities protesting low income and the sums that investors are likely to make in Friday's blockbuster stock market debut.
Leer más »
Eyeing IPO riches, Uber drivers go on strike in U.K. and U.S.Uber drivers in London and New York started a day of strikes on Wednesday to pro...
Leer más »
What to watch today: Dow futures turn positive, US imposes tariffs, Uber prices IPO and moreFutures are slightly lower this morning after President Donald Trump made good on his threat to raise tariffs on Chinese goods.
Leer más »
Uber drivers go on strike in London and U.S. ahead of IPO, early protests sparseUber drivers in London and major U.S. cities held a series of strikes on Wednesd...
Leer más »
Los Angeles Uber drivers join cities across the U.S. in strike ahead of much-anticipated IPO“Gig workers have no sort of protections that labor rights activists had fought years for . . . And I think it's going to be left up to legislators to step in.” Uber drivers across at least 10 U.S. cities strike days before Uber is slated to go public.
Leer más »
Uber drivers go on strike in London and New York ahead of IPO, early protests sparseUber drivers in London and New York started a series of multi-city strikes on We...
Leer más »