Plans: Ride-Hailing App and Growth Plans

plans: By issuing 180m new shares at that price, the ride-hailing app will raise around 8bn to fund its growth plans, according to The Guardian. The float also means that a cadre of early investors will make billions of dollars between them. While its value could rise on the first day of trading, the figure is well below Uber's initial 100bn target as investors got the jitters about the lacklustre performance of the float staged by its rival Lyft in March. Crossing the digital picket line Uber and Lyft offer discounts as drivers strike Read more While the San Francisco-based firm is offering some of its most loyal drivers cash bonuses, most of the soon-to-be Uber rich are already, well, uber-rich. The former boss is expected to be persona non grata on the balcony of the New York stock exchange on Friday when company executives celebrate by ringing the opening bell. Here's a rundown of some of the biggest names, and what their stakes in the rise-share business will be worth Travis Kalanick Uber's co-founder was ousted from the driver's seat in 2017 amid allegations that he presided over a culture of sexual harassment and gender discrimination. (news.financializer.com). As reported in the news.

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