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Uber Could File For An IPO Any Minute

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Uber Could File For An IPO Any Minute

Uber Could File For An IPO Any Minute

Sources say Uber could file for its initial public offering as soon as today, according to Business Insider.

The ride-hailing giant's offering could be one of the largest in years, and could raise the tech unicorn more than $10 billion.

But there's one big cloud casting a shadow on everything: Lyft.

Uber's biggest competitor has about a 35% market share in the United States, and beat the company to public markets last month, netting a valuation of about $18 billion.

However, in their first two trading weeks, shared of Lyft have fallen more than 20%, despite an oversubscribed IPO that initially traded well above its initial price.

Both companies are deeply unprofitable — and provide basically the same basic services.

So the competition comes down to other factors: driver pay, market share, and other factors that can help get the companies to positive cash flow.


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