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00:00:00
uber is aiming for a valuation of up to ninety one billion dollars when it makes its stock market debut in a regulatory filing on Friday the ride hailing company said it plans to offer one hundred eighty million shares at forty four to fifty dollars putting it we're on track to listed shares on the New York Stock Exchange inmate in what's expected to be the biggest U. S. IPO this year and the largest since Chinese E. commerce giant Ali Baba listed shares in New York in twenty fourteen the valuation uber is now seeking is less than the one hundred twenty billion dollar IPO whisper number Hooper was once told it could fetch and closer to the seventy six billion dollar valuation in its last private fundraising round the more moderate expectation reflects the poor stock performance of its smaller rival lift which listed last month , it does look like the with the struggles that lift has had %HESITATION is definitely a a big impact on %HESITATION on the expectations for uber lift of the city I PO traded day priced well treated well in its first day %HESITATION as a as a publicly traded company but since then has really struggled and at the moment is is more than twenty percent below the IPO price and that's definitely a situation that %HESITATION from Hoover's management you want to avoid and I think that explains their %HESITATION their more conservative approach here in the filing over also included it's twenty nineteen first quarter financials reporting a loss of around one billion dollars on three billion dollars in revenue over will take to the road starting on Monday to sell its story to investors it will face a host of questions including when it will turn a profit and how it will navigate to the transition to what Thomas vehicles