Headlining this year’s public offerings is ridesharing giant Uber Technologies Inc., the San Francisco-based ride-hailing app that commands the majority of the global rideshare market. After the government shutdown briefly stalled the SEC review of Uber’s IPO filings, the company looks to stave off nervous equity investors and deliver on their long-awaited public offering. With a private valuation exceeding $70 billion in 2018, Uber could be worth as much as $120 billion once they conduct their initial public offering. Growing Competition in Rideshare and Food Delivery SectorsAlternative ride-sharing services and food-delivery apps pose a considerable threat to Uber’s continued growth and market dominance. Lyft Inc., Uber’s biggest rival in the ridesharing market, beat Uber to the punch with their recent IPO on March 29th.

Source: Forbes April 04, 2019 17:15 UTC