The ride-hailing company Uber has raised 2 billion dollars from the bond markets last Wednesday. The initial offering amount was 1,5 billion dollars, but due to the demand the company decided to raise the amount. The underwriter in this private placement was Morgan Stanley.

According to markets this issuance was a positive sign for the future, while the company does not have enough earnings to pay interest due to the loss making business. The planned IPO will be during the year 2019, no exact month has releaved yet. The IPO markets will also see an IPO from Uber´s rival Lyft and the timing is at the moment March-April 2019. Accorfing to estimates, the valuation of Uber is expected to be around 120 billion dollars, which would be one of the biggest tech offerings next year.

The high-yield bond markets have been active lately, while also companies like WeWork and Tesla (TSLA) have also raised capital.

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