Uber seeks US$10 billion IPO, says WSJ
Ride-hailing giant Uber earlier this year reported revenue of US$3 billion, a 25% increase from a year earlier. – EPA pic, April 11, 2019.
UBER seeks to raise some US$10 billion in what would be the year’s largest stock offering, with details to come this week, said The Wall Street Journal yesterday. The global ride-hailing giant is seeking a valuation of close to US$100 billion – an impressive figure, but below some earlier estimates amid an ebbing of enthusiasm on growth and profitability, said the report.
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