Uber is set for its Wall Street debut Friday with a massive share offering that is a milestone for the ride-hailing industry and the so-called “sharing economy,” but which comes with simmering concerns about its business mode
Uber is expected to reveal pricing Thursday for a massive share offering that is a milestone for the ride-hailing industry and the so-called “sharing economy,” but which comes amid simmering concerns about its business model.
Global ride-sharing firm, Uber, on Friday faced another legal bump on the road to its blockbuster initial public offering, with taxi drivers launching a class action lawsuit in Australia.
Japanese car giant Toyota and investment fund SoftBank Vision Fund on Friday unveiled an investment of $1 billion in US company Uber to drive forward the development of driver-less ride-sharing services.
Uber Technologies Inc has decided it will seek to sell around $10 billion worth of stock in its initial public offering, and will make public the registration of the offering on Thursday, people familiar with the matter said on Tuesday.
Uber Technologies Inc expects it will be a long time before one of its biggest investments, self-driving cars, is ready for wide-scale deployment.
Global ride-hailing service Uber will acquire its Middle East rival Careem for $3.1-billion, the two companies announced on Tuesday.
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Uber’s self-driving unit might be set for a billion dollar cash injection. At least that’s if talks pan out with a group of investors including Softbank and Toyota.
Uber Technologies Inc has hired a string of investment banks to its syndicate of initial public offering underwriters, as it ramps up preparations for a stock market debut.