Alliances leave Uber tangled in competitive knots. As $65 bln Didi and others expand abroad, the snarl only gets worse: mak_robyn
Ride-hailing app Uber Technologies filed a draft prospectus with the U.S. Securities and Exchange Commission on April 11. The company set a placeholder amount of $1 billion but did not specify the size of the initial public offering.
Uber plans to sell around $10 billion worth of stock at a valuation of between $90 billion and $100 billion, Reuters reported on April 10, citing sources. The company holds minority stakes in China's Didi Chuxing, Yandex.Taxi, a Russian joint venture, as well as in Grab in Southeast Asia, worth a combined $11.5 billion, according to Uber's draft prospectus.
Didi was last valued at over $65 billion after a funding round in 2018, Reuters reported in February, citing sources.
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