Uber plans IPO in April & # 39;

According to the Reuters news agency, Uber will launch its initial public offering next April, according to Uber.

Uber will register its shares with the SEC in April and launch a roadshow for investors, Reuters said.

Rival Lyft followed the same process on March 1 and will complete its offer by the end of the month.

Both Uber and Lyft told the regulator that they wanted to go public in 2018.

Uber, which started in 2009, was recently valued at $ 76 billion in the private market. It seeks a valuation up to 120 billion dollars.

Controversial

Uber has been controversial for disrupting the taxi industry in more than 60 countries.

It continues to face the opposition of private drivers and regulators in several jurisdictions.

The company specializing in taxi taxi applications has also been the subject of lawsuits in the United Kingdom and the United States for clbadification of drivers as independent contractors rather than as workers.

A series of scandals targeted Uber in 2017, including complaints of badual harbadment by employees, data breaches, the use of illicit software to thwart government authorities and the forced resignation of its director, Travis Kalanick.

The controversy would have helped to reinforce Lyft's profile as an alternative service.

Lyft started in 2012 and was originally designed as a "safe" carpool service in cities that used Facebook profile information to authenticate drivers and users.

Ranked number two in the United States, it has recently been valued at $ 15 billion and seeks a value between $ 20 and $ 25 billion.

Unlike Uber, Lyft, which also offers the sharing of bikes and electric scooters, is only available in the United States and Canada.

Motorists in several US cities, including Connecticut, Chicago, New York and Santa Monica, also protested against Lyft's salary and benefits.

warnings

Although Lyft has leading investors, including Google's owner Alphabet and Chinese e-commerce giant Alibaba, some badysts said the firm may not be a good bet.

Both Uber and Lyft still lose money, despite their growth rate, and both invest heavily in autonomous cars.

In 2018, Uber recorded a 24% increase in revenues and 37% of gross bookings, but its adjusted loss – following a tax benefit – still reached $ 1.8 billion.

Lyft, as a private company, did not reveal much financial detail, but now that its SEC file has been made public, some badysts are worried.

Bloomberg columnist Shira Ovide said investors should note that while Lyft's revenues have increased over time, costs have also gone up.

"None of this matters to potential investors in IPOs. [Lyft] he's devoted to fast growth, and he's done it.

"That's what new equity buyers seem to want.The company's losses are less hefty.And it's good for investors to be ready to roll the dice on new approaches to transportation and equity." 39, other areas that could use new ways of thinking, "she wrote.

"Nevertheless, Lyft and Uber aim for high valuations, so investors need to look closely at the cost and cost savings, and ask companies when these numbers will substantially improve."