Uber, a giant with many faces, always in search of profits

As always with Uber, the figures give dizzy. The creator of the mobile application of the relationship between drivers VTC and users between Exchange Friday. It

Uber, a giant with many faces, always in search of profits

As always with Uber, the figures give dizzy. The creator of the mobile application of the relationship between drivers VTC and users between Exchange Friday. Its value, of some $ 82 billion according to a press release, will make it the largest ipo of the year, and one of the most important of the story.

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However, the ambitions of the company have been surfaced in recent weeks. At the end of the year, the banks advice suggested a valuation of $ 120 billion. But the operation is penalized by the poor performance in Stock market of its rival american Lyft: introduced at the end of march to $ 72, the stock is trading around 53 dollars, down 26 % in one month. The price range had been set between 44 and 50 dollars, and Uber has finally chosen the side of caution. In total, taking into account relevant variables, such as stock options, the capitalization of Uber will be around $ 82 billion. ...

Updated Date: 13 May 2019, 00:00

Kathleen Lees

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