Looks like Uber is doing better than ever. Yesterday, the American company set a price for its shares in the range of $44 to $50 per security, according to an update from the US Securities and Exchange Commission. Uber plans to offer 180 million shares and raise about $9 billion in an IPO.
Uber will list its shares on the New York Stock Exchange using the ticker symbol of the same name - UBER. Bidding can take place as early as this May.
In a statement, the company said Uber operates in 63 countries and more than 700 cities across six continents. More than 91 million people use at least one of its services, which includes: taxi call, food delivery, electric bike and scooter rental. About 14 million trips are made by Uber drivers every day.
All in all, if all goes according to plan, 2019 is going to be quite a remarkable year with IPOs from a number of big tech companies. Along with Uber, San Francisco-based companies such as Airbnb, Pinterest, and Slack are expected to launch IPOs. The main competitor of Uber Lyft successfully debuted on the stock market in March of this year, but later its position was noticeably lost. On Friday, Lyft's stock traded at $56, well below its $72 price at the time of its IPO.
At the same time, PayPal said it was investing $500 million in Uber, due to the expansion of partnerships that the companies have maintained since 2013. As part of the development of cooperation, PayPal will develop an electronic wallet for Uber services.
βThis is another significant milestone in our journey of partnering with multiple platforms to help drive global commerce by connecting the worldβs leading marketplaces and payment networks,β wrote PayPal CEO Dan Schulman in a note. on LinkedIn.
Also this month Uber $1 billion from Toyota Motor Corp. (Toyota), DENSO Corporation (DENSO), and SoftBank Vision Fund (SVF).
Source: 3dnews.ru