Uber Ipo

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Uber Ipo - Total results - 22
Uber lays off 435 more employees from its engineering team in wake of Q2 2019 loss
News & Analysis

Uber lays off 435 more employees from its engineering team in wake of Q2 2019 loss

The company had reported a loss of $5.2 billion in the second quarter of 2019

Uber's first earnings report after IPO: Ride-hailing service loses $1 billion in quarter as costs grow for drivers, food delivery
Business

Uber's first earnings report after IPO: Ride-hailing service loses $1 billion in quarter as costs grow for drivers, food delivery

With its share price trading more than 10 percent below its IPO price of $45, Khosrowshahi will have to convince investors Uber can turn a profit

Uber CEO expects further pressure as falling shares more than double losses; says stock did not trade as well as hoped post-IPO
Business

Uber CEO expects further pressure as falling shares more than double losses; says stock did not trade as well as hoped post-IPO

Uber's market capitalization has fallen to about $61 billion since its IPO on Thursday, still larger than Wall Street heavyweights including General Motors and FedEx

Uber shares slump for second day after ill-fated IPO
News & Analysis

Uber shares slump for second day after ill-fated IPO

The fall in shares comes after the renewed trade tensions between the United States and China

Uber's market debut sours most anticipated IPO since Facebook; only about a fifth of IPOs have ended first day of trading in red
Business

Uber's market debut sours most anticipated IPO since Facebook; only about a fifth of IPOs have ended first day of trading in red

Uber's IPO was a watershed moment for the decade-old company, which was started after its founders struggled to find a cab on a snowy night.

Uber prices IPO conservatively at $82.4 bn, hopes it will spare ride-hailing firm trading woes of rival Lyft
Business

Uber prices IPO conservatively at $82.4 bn, hopes it will spare ride-hailing firm trading woes of rival Lyft

The IPO still represents a watershed moment for Uber, which has grown into the world’s largest ride-hailing company since its start 10 years ago.

Uber drivers go on strike in London, New York ahead of IPO, early protests sparse
News & Analysis

Uber drivers go on strike in London, New York ahead of IPO, early protests sparse

Drivers protest the disparity between gig-economy conditions and the sums that investors are likely to make.

Uber drivers in India talk of shattered dreams as the company gears up for IPO
News & Analysis

Uber drivers in India talk of shattered dreams as the company gears up for IPO

Uber currently operates in 40 Indian cities and the country accounts for an estimated 11% of its global rides.

As IPO nears, Uber clings to hard-knuckled tactics in pursuit of growth; 'old habits die hard', says former manager
Business

As IPO nears, Uber clings to hard-knuckled tactics in pursuit of growth; 'old habits die hard', says former manager

Uber’s sharp-elbowed business tactics, detailed by lawmakers, city staff and regulators across the globe, as well as drivers and former employees, continue to drive the company.

Uber CEO Dara Khosrowshahi, management team take IPO roadshow to New York as demand builds up
Business

Uber CEO Dara Khosrowshahi, management team take IPO roadshow to New York as demand builds up

Uber is set to price its $10 billion IPO on 9 May, seeking a valuation of up to $90 billion

Uber takes investor roadshow to New York as demand builds up before its IPO
News & Analysis

Uber takes investor roadshow to New York as demand builds up before its IPO

Uber's IPO is being led by Morgan Stanley, Goldman Sachs Group Inc and Bank of America Corp.

Pinterest, Zoom shares surge in market debuts after IPOs
News & Analysis

Pinterest, Zoom shares surge in market debuts after IPOs

The surge valued the online scrapbook company at around $16 billion.

Uber nears investment deal for self-driving car unit: WSJ
News & Analysis

Uber nears investment deal for self-driving car unit: WSJ

Uber Technologies Inc's self-driving car unit could be valued at $7.25 billion.

Uber unveils IPO with warning it may never make a profit; operating expenses to increase significantly in future
Business

Uber unveils IPO with warning it may never make a profit; operating expenses to increase significantly in future

Although Uber's user base includes customers of other services as well as ride-sharing, Uber’s 91 million is nearly five times the 18.6 million announced by rival Lyft Inc.

Uber's self-driving car unit is in the spotlight ahead of IPO later this year
News & Analysis

Uber's self-driving car unit is in the spotlight ahead of IPO later this year

Uber, last valued at $76 bn in the private market, is seeking a valuation as high as $120 bn in its IPO.

Uber is all set to buy out Dubai-based rival Careem for $3 bn this week: Report
News & Analysis

Uber is all set to buy out Dubai-based rival Careem for $3 bn this week: Report

Uber has been preparing for an IPO and its bankers have indicated that it could be valued at as much as $120 bn.

Uber has quietly filed paperwork for an initial public offering: Report
News & Analysis

Uber has quietly filed paperwork for an initial public offering: Report

Uber’s valuation in its most recent private financing was $76 billion.

Uber to pay $148 million as penalty for failing to disclose the 2016 data breach
News & Analysis

Uber to pay $148 million as penalty for failing to disclose the 2016 data breach

The amount is the largest among attorneys general settlements in privacy cases.

Volvo presents a fleet of electric robotaxis in the race to gain autonomy
News & Analysis

Volvo presents a fleet of electric robotaxis in the race to gain autonomy

Volvo robotaxis to extend its customer base by tapping into demand from inter-city taxi passengers.

Uber 'on track' for IPO in 2019, no plans to sell self-driving car research unit, says CEO Dara Khosrowshahi
Business

Uber 'on track' for IPO in 2019, no plans to sell self-driving car research unit, says CEO Dara Khosrowshahi

Uber is 'quite optimistic' it can resume testing of self-driving cars later this year after a fatal crash involving an autonomous Uber car in Tempe, Arizona in March