The US ridesharing company Uber announced it is filing an IPO on Nyse. The trading is expected to start in the early May with the symbol UBER.
The company said the revenue last year was 11,3 billion dollars and loss 3,3 billion. The revenue from ridesharing was 9,2 billion dollars. Uber had 91 million users at the end of 2018.
According to Reuters the company is expected to sell stocks worth 10 billion dollars. If so the IPO would be the largest tech IPO after Alibaba in 2014.
The valuation of the company is estimated to be 90-100 billion dollars. Earlier the estimates were nearly 120 billion, but due to the debyt of its rival, Lyft, the pricing has been more moderate.
The IPO price for Lyft was 70 dollars per share, and the company is now trading below that. Today Lyft’s shares were up and trading at 60 dollars in New York.