Uber IPO values ride-hailing giant at $80bn

Uber’s much-heralded move to being a publicly-traded company has put a value of $80bn on the ride-hailing group
May 14, 2019 Read time: 1 min

Uber’s much-heralded move to being a publicly-traded company has put a value of $80bn on the ride-hailing group.

This is less than the $100bn that the company had reportedly hoped for – and still less than the predictions from some analysts last year.

However, it is still a huge initial public offering (IPO), pricing Uber’s 180 million shares at $45 each on the company’s New York Stock Exchange debut.

Uber CEO Dara Khosrowshahi told Reuters: “If we build and build well, shareholders will be rewarded. We’re certainly not measuring our success over a day, it really is over the years.”

There appears to have been caution from some investors following the dip in fortunes of Uber’s rival Lyft, whose share price has fallen since its own IPO.

 

Urban Traffic Control

For more information on companies in this article

Related Content

  • Early bird registrations open for ITS Europe
    March 20, 2019
    ITS Europe has opened early bird registrations for this year’s congress taking place in Eindhoven from the 3-6 June. Under the theme ‘Fulfilling ITS Promises’, the European Programme Committee is presenting seven topics. These include deploying new mobility services – from experiments to experience; a breath of fresh air; connected, cooperative and automated mobility; enhancing the efficiency of freight transport; enablers of digital infrastructure; transport network operations; and disruption start-ups &
    Read More
  • Dyson scraps EV project
    October 16, 2019
    British technology company Dyson has pulled out of a project to build electric vehicles (EVs), saying it is unable to make its car “commercially viable”. Chief executive Sir James Dyson said in a statement: “We have been through a serious process to find a buyer for the project which has, unfortunately, been unsuccessful so far.” The company, known primarily for its vacuum cleaners, says it will continue its £2.5 billion investment programme into new technology in two UK locations and in Singapore. It wil
    Read More
  • BYD delivers electric buses in Nepal
    October 26, 2018
    BYD has delivered five electric C6 buses to the Ministry of Culture, Tourism and Civil Aviation in Kathmandu to help improve air quality in Nepal. The buses will operate in Lumbini, a Buddhist pilgrimage and UNESCO (United Nations Educational, Scientific and Cultural Organisation) world heritage site. This deployment is part of a wider initiative from the Nepalese government to replace 1,000 taxis in Kathmandu Valley, as well as school buses, with electric vehicles. Last month, BYD also delivered 12
    Read More
  • Stockholm seeks intelligent transport solutions
    May 21, 2012
    The city of Stockholm is inviting submissions of solutions for its “Intelligent Transport Solutions” challenge by 28th February. Kista Science City is seeking solutions that are innovative, customer-oriented traveller services to support shifts in mobility patterns, away from cars toward public transport, biking and walking. The winner will be invited to pilot the solution in the city, with full support by all local stakeholders to evaluate the solution before a full-scale roll-out.
    Read More

Highlighted Content