Uber Is Said to Aim for I.P.O. Valuation of Up to $100 Billion - News Summed Up

Uber Is Said to Aim for I.P.O. Valuation of Up to $100 Billion


At $90 billion to $100 billion, Uber would be one of the largest American tech companies to go public in recent years. Its debut would be rivaled only by Facebook, which went public at $104 billion in 2012. In recent weeks, brokers who sell shares on behalf of employees and early investors have offered Uber stock to buyers at the $80 billion to $100 billion valuation range, according to two people familiar with them. In February, Uber said it lost $842 million in the fourth quarter of 2018 on revenue of $3 billion. Mr. Khosrowshahi has pulled back from some markets where Uber was losing money, such as Southeast Asia.


Source: New York Times April 10, 2019 20:26 UTC



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