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Taxi service Uber, which provides services in 65 countries, submitted an application for an IPO to the Securities and Exchange Commission. According to informed sources, Uber filed documents confidentially and the exact date of the IPO is not known, The Wall Street Journal reported. However, according to sources, the initial public offering of its shares may take place in the first quarter of next year. It is reported that the company received proposals for an IPO from US banks Goldman Sachs and Morgan Stanley. It is expected that during the IPO, service can be estimated at 120 billion dollars. Earlier it was reported that another taxi service, Lyft, also plans an initial public offering of its shares in the first half of next year.
The Warner Music Group Corp. (WMG.O) got off to a positive start on its Nasdaq debut on Wednesday. The world’s third-largest recording label sold shares worth $1.9-billion, marking the largest initial public offering in the United States ...
Americans, by the millions, have yet again filed for unemployment last week. This telegraphs further layoffs not only from the consumer industry, but with other branches of the economy as well. And despite the country's apparent reopening, ...
Former Uber Technologies Inc. head’s self-driving technologies unit Anthony Levandowski filed for bankruptcy protection on Wenesday. This came following a court sanction of $179 million payment to Google after his separation from the ...
GFL Environmental Inc raised nearly $1.4 billion in its IPO, pricing shares below target range in an attempt to withstand market volatility amid the virus outbreak. The Canada-based waste management company valued its IPO at $19 per share, ...
Uber Technologies Inc (UBER. N) adjusted its target with an aim of achieving its profitability by the end of the year, but the ride hailing firm anticipates a major decline estimating up to $1 billion or more this 2020. Uber shares advanced ...
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