Uber’s First Earnings Report Offered No Surprises for Wall Street

Three weeks after staging one of the biggest tech IPOs in years, Uber delivered its first-ever earnings report Thursday, with revenue growing 20% and a net loss of just over $1 billion. Both figures were in line with investor expectations. Uber said revenue advanced 20% to $3.01 billion in the first quarter of 2019, propelled […]

Here’s What Analysts Are Saying About Uber’s IPO

Uber’s long-awaited initial public offering has analysts mulling over one big unanswered question: Does Uber have a realistic path to profitability? The ride-hailing company’s public stock listing on Friday comes amid a wave of blockbuster tech IPOs, including one by rival Lyft nearly two months ago. Uber’s financial details, revealed in the run up to […]

Here’s How Ride-Sharing Drivers Will Strike Ahead of Uber’s Massive IPO

One of the perks of an IPO, it’s often said, is all the free publicity it can bring. In the case Uber, however, the extra attention ahead of its long-awaited IPO may not be so positive. Drivers working for Uber, Lyft and other ride-sharing apps are organizing strikes in the U.S. and the U.K. on […]

Lyft’s First Earnings Report Shows 95% Revenue Growth—and a $1.1 Billion Net Loss

Lyft’s first earnings report since its high-profile IPO proved to be a mixed bag of good and bad news. Revenue growth in the quarter surpassed analyst estimates but the company’s net loss was significantly weighed down by stock-based compensation related to its March 29 offering. Lyft also announced it was partnering with Waymo, an Alphabet […]

Lyft Stock Tumbles Two Days After its IPO

Lyft’s high-flying stock has taken a dive just a day after debuting on the Nasdaq. And the shockwave could rock other big tech companies readying for their own initial public offerings this year. “This is a pivotal few weeks of trading ahead to gauge street demand for the name as valuation and profitability continue to […]

Lyft Rises 9% on First Day of Trading for a Market Cap of $26.5 Billion

Lyft’s long-awaited debut on a U.S. stock exchange proved to be a success Friday, with the stock closing up 8.7% at $78.29 a share, giving the stock a $26.6 billion valuation after its first day of trading and auguring a warm welcome for other tech decacorns that have shunned the IPO pipeline for years. Although […]

Lyft Prices IPO at $72 a Share, Valuing Company at $24 Billion

Ride-sharing company Lyft priced its initial public offering at $72 a share late Thursday, valuing the company at $24.3 billion in what is likely to be the first of many tech IPOs hitting the public stock market in the coming months. Lyft’s stock is expected to begin trading Friday morning on the Nasdaq Global Select […]

Uber, the Mother of All Unicorns, Will Finally Begin Its IPO Process in April, Report Says

Uber is planning to begin its long-delayed IPO process in April, Reuters reported Thursday. 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. Uber is planning to file its S-1 prospectus with the Securities […]