Uber Technologies Inc’s initial public offering filing on Thursday contains data...
- Uber Technologies Inc’s initial public offering filing on Thursday contains data that will be key to selling itself to investors.
FILE PHOTO: Uber and Lyft signs are seen on a car in Redondo Beach, California, U.S., March 25, 2019. REUTERS/Lucy Nicholson The share sale follows a public offering by rival ride-sharing service Lyft Inc last month, whose shares have dropped to about $61 from an IPO price of $72.Uber had $11.3 billion in 2018 vs Lyft $2.2 billion.Lyft’s revenue more than doubled between 2017 and 2018 while Uber’s grew around 41 percent.Uber has 65 percent share in North America while Lyft says it has 39 percent in the United States.Uber’s adjusted loss before interest, taxes, depreciation and amortization was just over $1.
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