Uber filed documents for IPO

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Uber company has published documents for the IPO on the New York Stock Exchange. Shares will be traded under the ticker UBER, according to CNBC.
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The publication of documents for access to the stock exchange occurred two weeks after the IPO’s main competitor, Lyft taxi service, entered the IPO. The application Uber does not specify the value of shares at auction, so it is impossible to calculate the company's valuation. However, earlier in the press figures appeared in the amount of up to $ 120 billion.

Few numbers

At the end of 2018, Uber reported revenue of $ 11.27 billion. This is 48% more than the previous year. The company’s money is brought not only by the taxi service itself - it accounted for $ 9.2 billion in revenue. The rest brought an application for ordering food Uber Eats and other projects.

The company also reported a technical profit of $ 997 million - its source was the sale of assets in South Asia and Russia. At the same time, the operating loss, although it was reduced by $ 1 billion over the year, still amounted to $ 3.03 billion.

According to the latest data, Uber services are used by 91 million people worldwide.

Interesting Facts

In case of a successful IPO, Uber will benefit not only from the company itself. So, co-founder Travis Kalanik, who was dismissed almost two years ago, still holds a stake of 8.6% of the shares. When conducting an IPO with an estimate close to $ 100 billion, their value could be about $ 9 billion. In this case, Kalanik will be among the 200 richest people in the world.

In addition, with successful developments, “play” and the Google bid - six years ago, the search giant invested $ 258 million in Uber. Now investments can bring more than $ 5 billion, which will give 20-fold growth.

In addition, Google's parent holding company, Alphabet, invested $ 500 million in Lyft. In this company, he owns a 5.3% share worth about $ 783 million.

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