[ad_1]
As he prepares for his initial public offering, Uber has set the price of his action at between $ 44 and $ 50 per share, which allows him to raise about $ 10 billion when he reaches the top of his fork. But what enthusiasm will he bring to investors?
In an updated document, Uber revealed a loss of $ 1 billion in the first quarter. As we wrote earlier, Uber recorded a loss of $ 1.8 billion in 2018. That is, this company does not seem to be profitable in the near future.
Fortunately, the general manager, Dara Khosrowshahi, has the gift of making businesses profitable, or at least that's what he's done at Expedia. The way he's going to do it is to guess. Uber could consider more tightly controlling driver costs, which are a major expense for the company. Unfortunately, the drivers are already dissatisfied with the service and seek to negotiate better working conditions if it is the employee status.
What will all this mean for his road show? The initial launch of Lyft at $ 86 per share and its sharp drop to $ 57.26 (price per share at the time of publication of the report) will certainly alter the fervor. But investors are eager to make a public offer (especially such a big one), and many wealthy people can use Uber's success. Just wait for this pop.
[ad_2]
Source link