The outlook: Uber’s revenues are robust and growing, jumping 42% last year to $11.3 billion. The company even claimed a $997 million net income last year, compared with a $4 billion loss in 2017. “The stock is trading below the IPO price, if we use that as a proxy for one type of success, and that doesn’t bode well for other IPOs and certainly Uber’s IPO,” said Reena Aggarwal, a professor at Georgetown’s McDonough School of Business. Uber’s IPO also bucks the recent trend for tech companies in which founders retain control. Uber recruited Khosrowshahi in September 2017 to overhaul Uber’s corporate image while pushing ahead with global growth plans.

Source: Forbes April 11, 2019 21:27 UTC