Uber Preparing to Go Public in the Stock Market
But Uber won't be alone in this race, believe it or not.
Who knew car-sharing would be that much of a hit? Leveraging mobile technology, GPS and more, and then someone gets the idea that while the ever-present American institution known as the taxi driver turned into the every-man of the road, capable of earning independent income and providing a much more reliable service than those yellow cabs could ever. Still when you boil down the details, it makes sense: Uber and car-sharing in general made quite the model work out well despite a bit of bad publicity here and there. We don't even think Travis Kalanick knew he had a goldmine with Uber when he founded the company --
And Now Uber Will be Penetrating the Stock Market -- Congrats
And that's a big congrats with the scandals of one Kalanick looming overhead, and yet Uber Technologies still rules the pack in the car-sharing technology model as it expands to other ventures such as Uber Eats, self-driving technology and virtual kitchens (Yep, that's a real thing, folks).
The company just got finished hiring some IPO writers just to go public, and believe it or not -- but Lyft, Uber's only real competitor, is clambering for a spot in the stock market as well. Amazingly enough, Lyft is leading in the effort to obtain an IPO, but that may not matter as the long-term preparations may position Uber a bit better in the first half of 2019.
This is especially the case given the more than half-dozen investment banks now under Uber's wing for the soon-to-be launch into the public as a traded company -- such banks include Bank of America, Barclays PLC, Citigroup Inc., and Allen & Company just to name a few, valued at potentially $120,000,000,000.
That Right There Tells You Just How Much Money There Is in This Car Sharing Mobile Technology
And it certainly could only get better for the company from here on out. Any thoughts you have on car-sharing and other news coming from automotive technology innovation? SIGN UP FOR A FREE VIGYAA ACCOUNT AND START WRITING!