lyft Tag

Uber Technologies Inc., a multinational transportation network company (TNC), which has brought direct transportation to cities around the globe, rolled out its first Initial Public Offering (IPO) plan just 10 years after its founding.  The Numbers Behind Uber The direct transportation service, which allows customers to call a vehicle from the convenience of an app on their phone with a service quota, is estimated to have 110 million users worldwide and a 69% market share in the United States for direct transportation. After launching Uber Eats, a food delivery service, the company is also estimated to have an additional 25% market share within the food delivery space. After information was leaked regarding an IPO plan earlier this year, it was reported that the transportation company intended to set a price range that would value the company at an estimated $90 billion. The company’s shares for investors would be set at $44 to $50...