Mar 14, 2019

Uber planning stock market flotation 'in April'

Both Uber and Lyft confidentially told the regulator they wanted to float on the stock market in 2018. Unlike Uber, Lyft - which also offers bike and electric scooter-sharing - is only available in the US and Canada. Although Lyft has some high profile investors, including Google owner Alphabet and Chinese e-commerce giant Alibaba, some analysts have said the firm may not be a good bet. Bloomberg columnist Shira Ovide says investors should note that while Lyft's revenues per ride have increased over time, so have the costs per ride. "Still, Lyft and Uber are aiming for large valuations, so investors should look every which way at revenue and cost economics, and ask the companies when these numbers will materially improve."

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