Uber Technologies raised $8.1-billion in its initial public offering after pricing shares near the bottom of their marketed range.
Remember this moment. Early 2019 may have showed us the ceiling for the business of selling car rides at the tap of a smartphone.
Uber Technologies is seeking to raise as much as $9-billion in an initial public offering that could give the ride-hailing giant a market valuation of as much as $84-billion.
Good luck to potential investors in Uber Technologies’ coming initial public offering. Multiple advanced degrees might be needed to figure the company out.
Uber Technologies has spent more than US$1-billion on autonomous vehicle technology to compete with giants such as Alphabet, Apple and General Motors.
Snapp, also known as the Uber of Iran, said its ride-hailing app is generating two million fares a day as young people in Tehran embrace technology in a market that’s off-limits for western investors.