Shortly before his IPO of US driving service providers to expand its position in the Middle East. For the Careem from the United Arab Emirates, the company invests a multi-billion dollar amount on the table.
For 3.1 billion dollars (the equivalent of 2.7 billion Euro) buys on the Arab competitors, according to information from Tuesday. Both companies should operate first, independent of each other. The Uber-boss Dara Khosrowshahi announced in a letter to employees. Both services should work together: “In the course of time, we can work through the Integration of Parts of our networks more efficient, shorter waiting times ( … ), and the already impressive pace of Innovation in the Region to accelerate.”
by women
Careem has been evaluated in the last rounds of funding, with about two billion dollars and is in 98 cities. Belongs to the investor Arab Investor, Kingdom Holding, the German automotive group Daimler in addition to the Chinese competitors Didi Chuxing and the saudi. The service is used in the Region are more likely than average women. In Saudi Arabia, a major market for Careem, allowed women to control up to nine months.
Uber sets expected to be in April, but in front of a much larger transaction: The company’s own IPO. It could be one of the biggest high-tech IPOs in history. In brief, the Roadshow is scheduled to start. In April, Uber will offer its shares to the public, so at least the Reuters news Agency, citing insiders. The car service agent is rated up to 120 billion dollars. For comparison, Daimler and VW on the stock exchange are currently a total of around 128 billion dollars in value. Also not yet officially reports that Uber is not on the technology stock exchange Nasdaq, but on the New York Stock Exchange wants to go.
Lyft rolls out faster on the stock exchange
Still faster than Uber, the California-based rival, Lyft seems to be in the roles on the trading floor. Already in early April, Lyft could appear to be stock in trade. The company wants to spend its share in the range of from 63 to 68 dollars, and would be rated in order of 21 to 23 billion dollars. In the enterprise Fund of approximately two billion dollars flowed then.
Deep in the loss zone
Both Lyft as well as Uber, but still deep in the red. Uber, for example, had alone accumulated in the third quarter of 2018, a loss of 1.1 billion dollars. This was one fifth more than in the second quarter. To create more made with the company that sales and bookings to grow as rapidly as in the previous year. And Lyft was able to double its turnover in the last year to 2.16 billion dollars. However, the loss of 688 rose within a year to 911 million dollars.
source: boerse.ard.de
Atlas |United Arab Emirates |Dubai
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