The two largest ride-hailing companies are set to go public, both filing with the U.S. Securities Commission for initial public offering of shares last week. (CBC)
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The two largest ride-hailing companies are set to go public, both filing with the U.S. Securities Commission for initial public offering of shares last week. (CBC)
Talking point: Some Wall Street analysts say that Uber’s value may top US$100 billion, potentially becoming one of the largest initial public offerings ever. Uber lost US$1.1 billion in three months ending in September and brought in US$3 billion in revenue. It has raised almost US$20 billion from investors such as SoftBank and Toyota. Lyft is valued at around US$15 billion. While the exact timing of the listings remain uncertain, last week’s filings open the door for both IPOs to take place in early 2019.
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