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Will Uber IPO in 2019?


247trader

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Saw this interesting chart on Statista which I thought could be a discussion topic. https://www.statista.com/chart/15001/valuation-of-the-most-valuable-private-companies/ The fact that uber is nearly $70bn strong and hasn't floated is quite remarkable really. Apparently there is a bit of news to back this happening in 2019 as Investopedia reported:

"According to a CNBC report, the company passed a resolution to this effect at its board meeting to discuss investment from Japan-based venture capital firm Softbank Group Corp. (SFTBF). At an all-hands meeting earlier this month, Uber CEODara Khosrowshahi had indicated that the company would go public within the next 18 to 36 months. The San Francisco-based startup is valued at $69 billion in the private markets and has raised over $13 billion in funding."

 

331844159_2018-08-0909_22_23-Chart_WhosNextinLineforanIPO__Statista.thumb.png.a5af39319e9bc89398f0cb9b58fda40a.png

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Guest Ruth Freeman

Yes, according to the reports, ride-hailing company Uber will be on track for going public in 2019.Uber IPO is one of the hot topic among investors. Though their stocks are not traded publicly yet, however, you can invest them through the help of right professional or broker, before it goes public.

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