Uber aim to rival Lyft in stock market listing next month

Ride-hailing company Uber is to launch its flotation as early as next month as they rush to beat rivals Lyft to a stock market listing. According to Wall Street bankers speaking to The Times the listing could reach a value $120 billion. The listing should arrive on the markets hot on the heels of its American rival Lyft public offering which is due to launch at the end of the month according to Reuters.

The two American rivals will be pitching for shareholder cash and experts say that the first to float usually gains a boost by benefitting from “pent-up demand”.

The expectations to achieve a $120 billion valuation comes despite the global minicab firm never having made a profit. According to The Times the firm have so far made a loss of $3.3 billion. 

  • Facebook TaxiPoint
  • Twitter TaxiPoint
  • YouTube TaxiPoint
  • Instagram
ltda banner.JPG



Cabbies Do Kili Oct Footer Banner.jpg
Market Footer .gif


TAXI INSURANCE MMC October 2020.gif
TaxiPoint- 300x200px Taxi GIF PLAN AUG 2
private hire cover from Utility Saving Expert

The views expressed in this publication are not necessarily those of the publishers.

All written and image rights are reserved by authors displayed. Creative Common image licenses displayed where applicable.

Reproduction in whole or in part without prior permission from the publisher is strictly prohibited.

All written content Copyright of TaxiPoint 2020.