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We may never be profitable, says Uber, as flotation looms

TRANSPORTATION

Andrew Forster
26 April 2019
 

US transportation company Uber has set out its global expansion plans ahead of its stock market flotation.

The firm’s strategy is explained in the prospectus for its Initial Public Offering (IPO), which will see shares sold to institutional investors. 

The app-based mobility business currently provides services in more than 700 cities on six continents, carrying 14 million trips a day, and with 3.9 million drivers on its platform. 

As well as its ride-sharing service, Uber has...

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