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Uber Could Be The Biggest IPO Of The Year


On Thursday, Uber filed documents for its long-awaited initial public offering (IPO) on Thursday. Business Insider says Uber could net a valuation of more than $100 billion as it hits the stock market. Lyft, the company's biggest competitor, went public in March, and its stock has dropped more than 20% since. In the IPO filing, Uber said it was cash-flow positive in 2018, with a net income of $997 million. That's a massive increase from its 2017 full-year loss of more than $4 million, according to its disclosed balance sheets.

Added on the 12/04/2019 06:17:34 - Copyright : Wochit

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