Uber could be worth $ 90 billion. Most drivers will not see it much.



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Uber will be released in a few weeks with an expected valuation of 80 to 90 billion dollars.
Uber will be released in a few weeks with an expected valuation of 80 to 90 billion dollars.

Image: Jaap Arriens / NurPhoto via Getty Images

The next IPO of Uber: 90 billion dollars.

Uber driver's average hourly wage: Less than $ 19 at the hour.

Based on an updated record with the SEC, the company accounts for up to $ 90 billion. And drivers realize they will not see much if they drove a lot for the portage company.

The official IPO of Uber is scheduled for the second week of May and will be traded on the New York Stock Exchange with the stock symbol "UBER". While Uber has presented a $ 300 million payment plan for 1.1 million Uber drivers, some of the contractors who literally run the company's core service also want more transparency, better pay and more benefits , such as health care and higher earning potential.

Drivers who choose to take advantage of the stock purchase plan will not be able to pay a lot. A driver with 2,500 rides to his credit would earn $ 100, which he could use to buy two shares at the expected introductory price between "$ 44 and $ 50" and that they would need more two hours of driving to buy a single share of Uber.

In the repository updated on Friday, Uber included more rewards for drivers who made 30,000 or even 40,000 trips during their Uber driver career. The reward had previously reached $ 10,000 for 20,000 trips or more; now it's $ 20,000 and $ 40,000, respectively, for those higher levels.

A rally for the workers' rally is scheduled at Uber headquarters during the week of the planned IPO. Other events will take place in different cities.

Last week, the application of driver earnings, Gridwise, released hourly wage data of drivers from the first part of the year. It shows that the average hourly rate of drivers is $ 18.65, based on 30,000 drivers making 810,000 journeys across the country.

The valuation of Uber's IPOs is smaller than expected, but remains lower than that of its smaller rival, Lyft. Lyft went public last month at $ 72 per share and valued at $ 24 billion.

Uber was expected to reach a market capitalization of up to $ 120 billion at one point, according to Bloomberg and other outlets. His last valuation as a private company was $ 76 billion. The lowest figure is worrying, especially since Uber has never been profitable and is not growing as fast as before. Kruze Consulting confirmed that Uber dominated more and more Lyft in the United States, although only slightly. Uber still dominates the world.

Despite concerns, the total remuneration of Uber CEO, Dara Khosrowshahi, IPO by Uber last year listed about $ 45 million. The total salary of the chief operating officer, Barney Harford, was even higher, at around $ 47 million. Drivers are definitely not calm with the way the company divides the cake.

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