Is this to avoid any disappointment later on? Uber will enter the Stock market but at a valuation lower than the 100 to 120 billion dollars mentioned a few months ago. The leader of the car booking with driver intends to make its debut on the stock with a share price of between 44 and 50 dollars, and raise some $ 9 billion on the markets, according to documents in stock released on Friday.
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The level of valuation maximum hoped wavers between 83,8 billion and 91.5 billion, depending on the addition or not of financial items such as stock-options. This level would represent, however, the largest ipo of the year on Wall Street and one of the most important of the story.
Lyft, Uber, and Pinterest, which has recently made its debut on Wall Street, are experiencing strong growth, but have all the sentences to present viable economic models in the eyes of the markets
The ambitions of Uber has, apparently, been revised downward after the debut stock challenging its main competitor, the United States, Lyft. Introduced at the end of march to $ 72 on the Nasdaq, as Lyft has since lost more than 20 %.
Lyft, Uber, and Pinterest, which has recently made its debut on Wall Street, are experiencing strong growth, but have all the sentences to present viable economic models in the eyes of the markets.
Uber, who has asked to be traded on the market platform of the New York Stock Exchange under the symbol “UBER”, revealed in its documents the stock forecast revenue of about $ 3 billion in the first quarter of 2019, and a loss of close to $ 1 billion.
Uber has also confirmed in its documents equity an investment of $ 500 million from the american service of online payments PayPal.
