Thursday, October 18, 2018

Forthcoming IPO : Uber Technologies Inc

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Uber Technologies Inc is likely to launch its a mega initial public offering  by early next year, potentially valuing the company at a whopping $120 billion. 

Uber was founded in 2009, by Travis Kalanick and Garrett Camp. 

Uber is a peer-to-peer ride-sharing, taxi cab, food delivery, bicycle-sharing, and transportation network company  headquartered in San Francisco, California, with operations in 785 metropolitan areas worldwide. Its platforms can be accessed via its websites and mobile apps. Uber has been prominent in the sharing economy, so much so that the changes in industries as a result of it have been referred to as Uberisation.

 In 2017, Uber clocked a turn over in excess of $ 37 billions. The enterprise is still making losses and in 2017 it was around $1 billions.

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