Uber plans to kick off IPO in April

Uber plans to kick off IPO in April

There is now speculation Lyft might launch its IPO by the end of March.

Uber's business operates in more than 70 countries and includes not only ride-hailing but also bike- and scooter-rentals, freight hauling, food delivery and an expensive self-driving vehicle division. The offering, which could value the company at $120 billion-the largest of several tech IPOs in 2019-will probably start after the stock of Lyft, its chief rival, has already debuted. On the other hand, going public is expected to net about $25 billion for Lyft.

Toyota, the largest automobile maker of Japan, also invested $500 million into Uber past year, for its project on self-driven cars, where both companies can be seen as straggling competitors just like, Waymo, a self-driving unit of Alphabet Inc.

The investment by SoftBank and Toyota can also help the ride providing firm in establishing its value as it prepares to enter the stock market. Lyft, by contrast, said in its prospectus that its 2018 revenue totaled $2.2 billion and a loss of $911 million, which according to Axios would be the largest loss ever for a company entering the public markets for the first time.

Samsung’s ultimate goal is to create "perfect full-screen" phone
In order to make such a device, all the sensors are a camera on the front side have moved under the display. An integrated camera of this nature would not affect the camera's functionality, the executive added.

Louis Tomlinson's sister Felicite dies at 18 of cardiac arrest
Felicite Tomlinson attends "The Spongebob Movie: Sponge Out of Water" screening on March 15, 2015 in London , England . Louis , 27, canceled a scheduled appearance Friday at BBC's Comic Relief after he received news of the death.

Foot overbridge collapses near Mumbai's CSMT station, 5 killed
According to some reports, the bridge collapsed even though it was marked "fit to use" only six months ago after an audit. He further said, "Weeks before an audit of the bridge took place in 2018, the BMC changed the tiles at the bridge".

Lyft got its IPO party rolling earlier this month by filing its Form S-1 with the SEC.

Both companies have been steadily increasing revenue, however, both companies are also losing billions of dollars per year as they attempt to reign in costs and make other tweaks in their quest to achieve profitability. It had $8.1 billion in bookings in 2018, a 78 percent jump from $4.6 billion in 2017. The company lost $US911 million.

A woman uses the Uber app on an Samsung smartphone. Lyft drivers earned more than $10 billion since Lyft debuted in 2012. It operates in about 300 United States cities and also expanded into Canada in 2017.

Uber was most recently valued at $76 billion in the private market. Some analysts, however, believe $100 billion is a more reasonable valuation based on selected financial figures disclosed by Uber.

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