Uber Eats Its Way to New Revenues Amid Post-IPO Profitability Concerns

Investor sentiment in Uber is rapidly sinking. Since last week’s initial public offering, the company’s stock has nosedived, dropping from the initial price of $45 per share last Thursday to $38 on Tuesday. One reason for the poor stock performance, according to analysts, is an unclear path to profitability. But ride-hailing aside, there may be […]

Uber’s IPO Hits a Yellow Light as Stock Price Stays Below Opening

Where was the pop? Investors in Uber–German for over–should be rejoicing on the company’s opening day on the NYSE. Instead, the stock opened at the planned $45 and has remained under that price as of midday. Typically, an IPO is first sold through investment bank underwriters to big institutional investors and to favored individual clients, […]

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 […]

Uber Opted for ‘Conservative Pricing’ During Its IPO but Still Raised $8.1 Billion

Uber Technologies raised $8.1 billion in its initial public offering after pricing shares near the bottom of their marketed range. The ride-hailing company sold 180 million shares for $45 each, according to a statement Thursday. It had marketed them for $44 to $50 apiece. Based on the amount of stock outstanding after the offering, the […]

Pay Less Attention to Uber’s IPO. And Everyone Else’s.

This article first appeared in Data Sheet, Fortune’s daily newsletter on the top tech news. To get it delivered daily to your in-box, sign up here. I’m bored with IPOs. Permit me to explain. In my Silicon Valley formative years, just before the inflation of what came to be known as the first Internet bubble, […]

Data Sheet—Pay Less Attention to Uber’s IPO. And Everyone Else’s.

I’m bored with IPOs. Permit me to explain. In my Silicon Valley formative years, just before the inflation of what came to be known as the first Internet bubble, participants in capital markets understood initial public offerings for what they were, financing events. Fledgling companies raised a small amount of venture capital, investments they got […]

Ahead of Uber IPO, Biggest Shareholder SoftBank Is Already Reaping Rewards

Hours ahead of Uber Technologies Inc.’s market debut, the ride-hailing company’s biggest shareholder, Masayoshi Son’s SoftBank Group Corp., is already reaping rewards, if only on paper. SoftBank’s operating income more than tripled to 494.9 billion yen ($4.5 billion) in the three months to March 31, helped by a 418 billion yen valuation gain from its […]

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 […]