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Uber will go public with a lower than expected



On May 10, the world-leading VTC (driver-driven transport vehicle) appears on the New York Stock Exchange under the symbol "UBER". This introduction will be the most important year, but it will not be as important as expected: instead of $ 120 billion estimated by many bank trades, the company has chosen a prize at the bottom of the fork, between $ 80 billion and $ 91 billion. Starting price between $ 44 and $ 50. The final prize will be known on May 9th.

This level of valuation corresponds to the value of the last round of the company, which goes back to the end of last year (CZK 76 billion). In any case, it reflects the relative lukewarmness of operators and investors to the action of rival Lyft, who was hovering in the stock market a few weeks ago: VTC now valued $ 16 billion while 24 billion at the end of March. Uber hopes to raise up to $ 9 billion when it is launched. Shares sold to shareholders will be an additional $ 1.35 billion.

Uber said in his stock exchange that first-quarter turnover is estimated at $ 3 to $ 3.1 billion. This is an increase of more than 15%. On the other hand, the group still shows losses: it should be $ 1.1 billion in the first three months. Losses that investors will have to get used to for several quarters.


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