10 Biggest Ipo In Canada

10 biggest ipo in canada

Uber was last valued at $76 billion on the private markets when Toyota Motor Corp.

10 biggest ipo in canada

invested in 2018. Last year, bankers jockeying to lead the offering told Uber it could be valued at as much as $120 billion in an IPO.

Details on the number of shares to be offered and the intended price range likely won't come until an later filing.

Like many high-growth upstarts, Uber has pushed growth over profit. Its losses for 2018 were $1.8 billion, down 15% from 2017.

Uber Could Be Valued at $120 Billion in Year's Biggest IPO

Racing Lyft to an IPO may have added to Uber's expenses, with the two trading salvos in a price war.

Potential investors might be undeterred by Uber's losses. Lyft lost $911 million last year and investors valued the company at billions of dollars above its last private market valuation.

10 biggest ipo in canada

Like Lyft, Uber will do its best to spin a compelling narrative of world-changing disruption.

The offering, planned for the New York Stock Exchange, will be led by Morgan Stanley as well as banks including Goldman Sachs Group Inc. and Bank of America Corp.

10 biggest ipo in canada