The recent sale of Uber's China business may clear the way for an initial public offering as the company no longer has to incur the $1bn of losses it was racking up trying to compete with Didi in China. Uber is now valued at $70bn, compared with a market cap of just over $20bn when its Chinese rival launched last year.
The recent sale of Uber's China business may clear the way for an initial public offering as the company no longer has to incur the $1bn of losses it was racking up trying to compete with Didi in China. Uber may also be motivated to go public by slowing revenue growth as it reaches market saturation in the US and increased pressure from rivals in other markets.