Sunday, March 29, 2015

UBER IPO IN JULY 2015?

Taxi aggregator Uber plans to list its shares on NASDAQ. The IPO may happen in July 2015.  Uber operates in more than 250 cities across 55 countries. With that most recent funding round, Uber has now raised eight times as much capital as its closest competitor, Lyft Inc.  However Uber faces problems in many countries including India with the regulators. This could further delay the IPO.

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