Uber wanted to IPO with a $120 billion valuation but ran into trouble when some of its biggest shareholders held out for a lower price (UBER)
Thursday, 16 May 2019 · Uber wanted to go public with the $120 billion valuation pitched by bankers at Morgan Stanley and Goldman Sachs ahead of its initial public offering, but the company ultimately listed with a $75.5 billion market cap.
· One reason is that institutional investors, many of which privately owned Uber stock, didn't want to buy...
Business Insider reports that Uber wanted to go public with the $120 billion valuation. The valuation was pitched by bankers at Morgan Stanley and Goldman Sachs ahead of its initial public offering. The company ultimately listed with a $75.5 billion market cap. The Times reports institutional...
On Thursday, Uber released its first earnings report as a public company. The earnings slightly topped Wall Street estimates. Uber's stock price has struggled since it began trading in early May. The..
According to Reuters, Uber Technologies reported a $1 billion loss on Thursday as the ride-hailing service spends heavily to build up its food delivery and freight businesses, sending revenues up 20%..
Reuters reports Uber Technologies Inc reported a $1 billion loss on Thursday in its first quarterly report as a public company. The loss coincided with a 20 percent rise in revenue. Uber had forecasted..