Uber is preparing to file its IPO in May, reports TechCrunch. The company is reportedly looking to sell around $10 billion worth of stock, valuing the company between $90 billion and $100 billion. In its initial filing with the Securities and Exchange Commission, Uber reported 2018 revenues of $11.27 billion and net income of $997 million. Uber's monthly active customers of ride-hailing, new mobility, or Eats came in at 91 million for Q4 2018.
Notably, the company's Uber Eats service represented 18 percent of gross bookings for Q4 2018, which is higher than gross bookings for rideshare, according to the report. Full Story
Related: Uber May Help Restaurants Increase Traffic; Specialty Food Maker: Special Delivery: Third Parties at Your Service.
from Specialty Food News http://bit.ly/2v30wmY
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