Operator of an online platform designed to offer peer-to-peer ridesharing and food delivery. The company's platform offers an on-demand ride-hailing service helping passengers request a variety of personal transportation options that are fulfilled by a network of contract drivers, enabling users to have access to a convenient, fast and affordable mode of transportation.
Generating Revenue/Not Profitable
In IPO Registration
Venture Capital-Backed
The company confidentially filed to go public on December 7, 2018. The deal is expected to close in the first half of 2019 and is estimated to value the company at $120 billion. Previously, the company issued $2 billion in bonds on October 18, 2018. The junk bond included an eight year $1.5 billion note with a yield of 8 percent, and a $500 million five year note with a yield of 7.5 percent.
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