Uber, Lyft shares jump as California set to pass gig-worker ballot measureAccording to state figures, 58% supported the measure, with nearly 95% of precincts at least partially reporting. The results are incomplet...
04 Nov, 2020, 07.27 PM IST
Uber launches grocery delivery in Latin America, Canada with US to followThe company's latest foray into the delivery space is in partnership with Cornershop, a Chilean online grocery provider that Uber has held ...
07 Jul, 2020, 06.50 PM IST
Dow Jones gains on surprise services data, China-led rebound hopesThe Dow Jones Industrial Average was up 322.73 points, or 1.25 per cent, at 26,150.09.v
06 Jul, 2020, 08.24 PM IST
Uber, Postmates agree on $2.65 billion all-stock dealLast week, it was reported that Postmates had revived plans for an initial public offering following dealmaking in the U.S. online food del...
06 Jul, 2020, 04.34 PM IST
The sharing economy faces the abyss in a pandemicUber told investors this month that it expected to close out the year with between $4 billion and $6 billion in cash. That’s a lot of money...
28 Mar, 2020, 10.48 AM IST
WeWork fiasco, Peloton flop endanger Unicorns hoping for big IPOsFitness startup Peloton Interactive Inc. fell 11% below its IPO price on its first day of trading Thursday and extended declines by 2% on F...
30 Sep, 2019, 10.27 AM IST
There’s no end in sight for the US IPO frenzyPaul Donahue, Morgan Stanley’s head of equity capital markets for the Americas, expects that IPOs will remain busy in the third quarter and...
04 Jul, 2019, 09.26 AM IST
Cycling startup Peloton confidentially files for US IPOIt raised $550 million in a funding round last year led by venture capital firm TCV that valued that company at $4.15 billion.
06 Jun, 2019, 09.23 AM IST
Uber slips below $70 billion value, marring a big year for IPOsUber shares debuted at $42, well below the IPO price of $45.
11 May, 2019, 03.46 PM IST
Uber said to aim for IPO valuation of as much as $90 billionUber is expected to set the terms for its IPO as soon as Friday before heading out on a road show to market the stock to potential investor...
26 Apr, 2019, 09.24 AM IST
Pinterest soars in debut in 2019's second-biggest US IPOhe company had about $756 million in revenue from online advertisements in 2018, a 60 percent growth rate that accelerated from the previou...
20 Apr, 2019, 11.33 AM IST
Uber is said to seek about $10 billion in year's biggest IPOUber submitted its IPO filing to the SEC confidentially on December 6, the same day that Lyft Inc. announced that it had made its confident...
10 Apr, 2019, 09.45 PM IST
Lyft’s tumbling stock is a worrying sign for other unicornsLyft is a model of the unicorn class of companies that secured valuations in excess of $1 billion from private investors and will soon seek...
02 Apr, 2019, 02.19 PM IST
Lyft snaps up a tag of $24.3 bn as IPO goes the distanceThe first ride-hailing IPO raised more than it had set off to do as investors overlooked uncertainty.
29 Mar, 2019, 11.37 AM IST
Pinterest joins US IPO wave with fast revenue growthPinterest has experienced "significant growth" in users and monetisation over the last several years, it said in the filing. It also said i...
23 Mar, 2019, 10.37 AM IST
Lyft aims for calculation near $20 billion in biggest US IPOLyft warned in its filing that expenses are likely to increase and that it may not be able to “achieve or maintain profitability in the fut...
19 Mar, 2019, 10.46 AM IST
Microsoft sees need for regulation, laws for AI advancesMicrosoft is working on some of these areas through groups such as the Partnership on AI, which includes rivals like Amazon.com Inc., Alpha...
19 Jan, 2018, 08.12 AM IST