Uber set for stock market debut, looks for new investors
While drivers protest for better rights, Uber aims to raise enough revenue to take them out of the cars altogether.
Uber’s next stop is the stock market, where it hopes to pick up more investors willing to bet on a ride-hailing app that is hugely popular, but lacking in profits.
The company expects to be valued at $80bn, which would make it one of the largest initial public offerings (IPOs) of all time.
Al Jazeera’s Kristen Saloomey reports from New York.
Published On 10 May 2019