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

Related Content

  • September 11, 2019
    Washington Post game highlights AV flaws
    Mind the kangaroos! That is among the more surprising suggestions in a new entertainment which purports to illustrate the pitfalls of autonomous vehicles (AVs). US media giant The Washington Post has created a short interactive game which “shows readers how autonomous cars function and breaks down the technology to educate viewers about their limitations and challenges”. These include sensor blind spots and confusion over what other road users are about to do. The five-minute game takes the form of a jou
    Read More
  • April 16, 2012
    Report on cell phone distracted driving
    According to a survey conducted for the Climate and Pollution Agency (the former SFT), a directorate under the Norwegian Ministry of the Environment, 4, 512 healthy years of life are lost each year in Norway due to traffic noise. The study, which claims to have quantified for the first time the relationship between traffic noise and health problems, also showed that 1.5 million people in the country are exposed to noise levels that exceed the recommended maximum level of 55Db. In such cases, residents can c
    Read More
  • November 24, 2015
    Move New York launches public participation website
    The Move NY team, which came up with a plan to improve New York’s transportation system by making the City’s tolling system fairer, has launched SmartParticipation (link http://nyc.smartparticipation.com/), a website dedicated to gathering public comments on congestion in New York City.
    Read More
  • October 14, 2019
    Most pedestrian detection systems ‘hit pedestrians at 30mph’
    In-car automatic emergency braking systems with pedestrian detection mostly fail to avoid hitting pedestrians - and are “completely ineffective at night”, according to new research. In shocking findings, the American Automobile Association (AAA) revealed that most systems hit a simulated pedestrian target at 30mph. A collision also occurred 89% of the time when a vehicle operating at 20mph encountered a child darting between two cars. In tests, all vehicles collided with an adult pedestrian immediately fo
    Read More

Highlighted Content