A Tough IPO For Uber?

Beyond Infinity
30/04/2019 11 min
A Tough IPO For Uber?

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Episode Synopsis

The ride-sharing juggernaut has revised down the value it proposes for its initial public offering by about 30%, to between US$80.5 to US$91.5 billion. This follows sharp falls in recently listed rival Lyft since its IPO. There are concerns over intensifying competition, high operating costs and the fact that since launching services in July 2010, Uber is yet to make a profit.
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