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.

 

UTC

Related Content

  • October 23, 2012
    Gewi demonstrates how its TIC connects systems, vehicles and travellers
    The 2012 ITS World Congress marks Gewi’s 20th anniversary of keeping travellers informed worldwide, and the company is exhibiting how its TIC connects systems, vehicles, and travellers. TIC has been used in live traffic information systems since 1997, and is used worldwide by many types of organisations including government agencies, police, DoT’s, commercial RDS-TMC and TPEG service providers, automobile clubs, road operators, radio stations and car and device navigation manufacturers. Recently, Gewi added
    Read More
  • September 3, 2015
    European Transport Conference looks at developments in public transport
    This year’s European Transport Conference, which takes place on 28-30 September in Frankfurt, Germany, will look at the latest research and developments in local public transport across Europe and beyond. Delegates will also have the opportunity to take part in an afternoon visit to see the public transport system in Offenbach, a small city close to Frankfurt. With the UK moving towards a regulated environment, the conference will discuss the legal and economic framework and how this will work as other
    Read More
  • September 17, 2019
    Ertico reveals new ITS event for 2020 in Russia
    Ertico – ITS Europe has announced it is to hold the first-ever Central Eastern European Congress next year. Hosted by the city of Kazan, in south-west Russia, the event will focus on cooperation with Russia, the Commonwealth of Independent States (which comprises a number of countries formed after the break-up of the Soviet Union) and Central Eastern countries, says Ertico. It will take place in Kazan, Tatarstan on 21-24 September 2020 and there is a preview of the event in the city next month, on 3-4 Oct
    Read More
  • February 13, 2015
    Copenhagen light rail JV appointed
    Copenhagen metro operator Metroselkabet has appointed Arup as part of a joint venture with Rambøll to develop the light rail on ring 3 for greater Copenhagen. The new light rail system includes a double track alignment of 27 kilometres and 27 stations with a rolling stock fleet of 27 light rail vehicles. This major project was planned to promote the use of public transport as well as encourage the urban development along the route and the passage across the city to avoid interchanging in the centre.
    Read More

Highlighted Content