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“Though Uber has a greater market share than Lyft, their businesses are ultimately very similar. With Uber’s underwriters on the hook, you don’t want to be able to not sell the stock and have a failed IPO,” Ramsey toldSelling 180 million common shares, Uber plans to raise up to $9 billion ahead of its public debut on the New York Stock Exchange in May.
Though bankers maneuvering to lead Uber’s IPO indicated last year that it could be valued as high as $120 billion, the company’s offering at $84 million is still set to be among the ten largest U.S. IPOs of all time as well as the biggest on a U.S. exchange since Alibaba Group Holding Ltd.’s in 2014.
Source: News Formal (newsformal.com)
$84 Billion. Yeah, alright. 'We expect our operating expenses to increase significantly in the foreseeable future, and we may not achieve profitability,'
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