Uber launched its long-awaited prospectus prospect, and joined another near-term debut to a busy IPO season. The company will list on the New York Stock Exchange under the symbol "UBER."
The company has self-reported unaudited finance for several quarters – one of the few technological giants is expected to debut this year to do so. S-1 earns less as the typical first look at finance and acts more as a contextualized official record.
Uber reported revenue of $ 11.27 billion in 201[ads1]8. The company achieved a net income of $ 997 million in 2018, but adjusted EBITDA $ 1.85 billion loss.
Uber reported a calculation called "Monthly Active Platform Consumers" or "MAPC", which reflects "the number of unique consumers who completed a Ridesharing or New Mobility trip or received a Uber Eats meal on our platform at least once a given month, averaged over each month of the quarter. "In Uber's fourth quarter of 2018, the company reported 91 million MAPCs, which increased by 35% from the same quarter the year before.  The filing comes in two weeks after the competitor Lyft debuted in the public markets.
racing against public markets practically in tandem, although Uber's offerings are likely to be significantly larger and one of the biggest deals this year, the company was previously reported to seek a valuation of up to $ 120 billion.
Uber's self-reported financials for 2018 showed reduced losses but slowed income growth.
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