Uber has filed initial public offering (IPO) documents with the US Securities and Exchange Commission that reveal the company may not "achieve profitability" and that it expects operating expenses to increase significantly. Uber set a placeholder amount of $1 billion but did not specify the size of the IPO. The filing comes as Uber's stock price continues its downward spiral after a series of high-profile scandals including allegations of sexual harassment against CEO Travis Kalanick and an internal investigation into whether the ride-@@ Uber did not specify the size of the IPO in the filing, setting a placeholder amount of $1bn, but recent reports gave it a value of $90bn to $100bn. Uber aims to begin trading in New York in May.
Uber has filed initial public offering (IPO) documents with the US Securities and Exchange Commission that reveal the company may not "achieve profitability" and that it expects operating expenses to increase significantly. The filing comes as Uber's stock price continues its downward spiral after a series of high-profile scandals including allegations of sexual harassment against CEO Travis Kalanick and an internal investigation into whether the ride-@@ Uber did not specify the size of the IPO in the filing, setting a placeholder amount of $1bn, but recent reports gave it a value of $90bn to $100bn. Uber aims to begin trading in New York in May.