April 13, 2019 at 17:28

Uber has filed documents for an IPO



    Image: Unsplash

    Uber has published an IPO on the New York Stock Exchange. Shares will be traded under the UBER ticker, CNBC reports.

    The publication of documents for entering the exchange occurred two weeks after the IPO of the main competitor of Uber - taxi service Lyft. The Uber application does not indicate the value of shares at the auction, so it is impossible to calculate the valuation of the company. However, earlier in the press there were estimates of up to $ 120 billion.

    Few numbers


    At the end of 2018, Uber reported revenue of $ 11.27 billion. This is 48% more than the previous year. The company’s money is brought not only by the taxi call service itself - it accounted for $ 9.2 billion in revenue. The rest was brought by the Uber Eats food ordering app and other projects.

    The company also reported a technical profit of $ 997 million - its source was the sale of assets in South Asia and Russia. At the same time, the operating loss, although it decreased by $ 1 billion over the year, still amounted to $ 3.03 billion.

    According to the latest data, 91 million people worldwide use Uber services.

    Interesting Facts


    In the event of a successful IPO, Uber will benefit not only the company itself. So co-founder Travis Kalanik, who was dismissed almost two years ago, still owns an 8.6% stake. When conducting an IPO with an estimate close to $ 100 billion, their value may be about $ 9 billion. In this case, Kalanik will be among the 200 richest people in the world.

    In addition, with successful development of events, Google’s bid will also “play” - six years ago, the search giant invested $ 258 million in Uber. Now investments can bring in more than $ 5 billion, which will give a 20-fold increase.

    In addition, Google's parent holding company, Alphabet, invested $ 500 million in Lyft. In this company, he owns a 5.3% stake worth about $ 783 million.

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