Uber will take a course on the stock market – and warns

Uber wants to let his share to lists one of the largest Gang on the parquet of all the times on the New York Stock Exchange under the Ticker symbol "UBER". When that will be exactly is still unclear. Before the much-anticipated multibillion-dollar IPO, the travel service Manager has warned, however, against a never-ending series of losses. In the face of rising costs it would range from "maybe" to just come out in the black.

This informed that ten years ago founded the U.S. company in a Letter to the securities and exchange Commission. This Uber counts on a monthly basis now 91 million customers and has put in many regions of the world, the taxi industry on its head and changes the way how people move. However, the doubt as to whether Uber operates a sustainable business model.

so Far, Uber earned on the brokerage fees that are due when a driver receives a new order via the Online platform. However, the company is also investing heavily in new business fields such as Autonomous Driving, the delivery of food, electric bicycles and scooters, as well as cargo offers. Analysts believe it is inevitable that the group is growing significantly, to write to ever make a profit.

strategic changes

In the past year, the adjusted loss of around two billion dollars in the balance sheet. In addition, the last period was characterized rather, Uber pulled out of a particularly strong competitive regions. However, a swing in Strategy hinted at last with the three-billion-Dollar purchase of rival Careem in the Middle East. Among the other competitors Lyft in its home market, which debuted recently on Wall Street and, so far disappointed, and Didi in China, and Ola in India.

In the past year, had slowed down the growth of Uber. Sales rose by 42 percent to 11.3 billion dollars. 2017 it had passed, nor to an increase of 106 percent.

so Far, it is unclear how big of the for the beginning of may, planned IPOs fail. Reuters-information, according to the California-based company could sell shares to the value of around ten billion dollars, and therefore between 90 and 100 billion dollars will be assessed.

So that it would debut the largest share of the market since the new mission of the Amazon competitor Alibaba five years ago, the Chinese group to raise $ 25 billion. It is expected that Uber is known soon to its issue price. In the most recent round of financing, the travel service intermediary was about 76 billion dollars in value.

a vision for the future of Autonomous Driving as a danger

Under the company's founder and longstanding CEO, Travis Kalanick, Uber has been buffeted long of a scandal series, which ranged from sexual abuse, data Theft up to corruption and problems with the authorities. Those days are over, since 2017 Dara Khosrowshahi has taken over the commercial top. He established a new culture, but has found no answer to the future trend that could jeopardise the business model of Uber: Autonomous Driving.

While it is likely to mean on the one hand, significantly lower costs, it also provides the entire business model of Uber, since it makes the driver needlessly. In addition, the competition in this field is still larger than in the case of ridesharing services. So Uber is in competition with companies like Tesla and the Alphabet-daughter Waymo, as well as all the traditional car manufacturers.

Especially with Waymo an already-resolved dispute and awkward consequences: In the SEC Letter, Uber announced that the company's regular license payments threaten. (fal/sda)

Created: 12.04.2019, 11:50 PM