That's below earlier estimates of $120 billion.
The offering, which could value Uber at around US$100 billion (S$136 billion), would be the biggest since China's Alibaba Group began trading on the New York Stock Exchange in 2014.
Uber's earnings totaled $11.3 billion in 2018, a 42% increase from $7.9 billion in 2017. TOI previously reported Uber was looking to sell its food delivery business to Swiggy here, but the talks have paused for now due to regulatory and tax complexities.
Disney unveiled more details about its upcoming streaming service. Both Zomato and Swiggy together raised under $2 billion a year ago. The long-awaited documents give potential investors a look inside the company's financial state before its highly anticipated IPO, which is expected later this month.
The breakdown shows Uber has been generating.
The filing with the Securities and Exchange Commission contained no specific pricing or timing for the market debut for Uber, which according to media reports was expected to raise some $10 billion.
The insightful document doesn't reveal Uber's planned share price or the date in which shares will be available to purchase.
Uber CEO Dara Khosrowshahi acknowledged the self-inflicted wounds that damaged the ride-hailing service's reputation while trying to make the case that the company has rehabilitated itself since he took over 18 months ago. This will return before executives head out on a so-called street series created to drum up interest in the IPO among institutional investors that will be given the first opportunity to buy the inventory before it starts trading on the New York Stock Exchange.
Rostan added that both firms will be seeking to step up growth and that "i it turns into a market share fight between Uber and Lyft, profitability is going to be tough".
The filing noted that Uber offers ridesharing in some 700 cities but has bolder ambitions to reshape how people and goods are transported with operations such as meal deliveries, freight, and electric bikes and scooters.
The blowback in the problems assisted Lyft pickup soil in the US and contributed to the ouster of both Uber co-founder Travis Kalanick CEO in 2017.
In addition to answering questions about Uber's finances, CEO Khosrowshahi will be tasked with convincing investors that he has successfully changed the culture and business practices after a series of embarrassing scandals over the last two years. It launched its first self-driving test vehicle in 2016 and its self-driving auto division has more than 1,000 employees, and it has built more than 250 self-driving cars so far.
Even reporting on these incidents can hurt Uber's brand, the company says, which is why Uber is compiling its own "transparency report" on sexual assault and harassment in an effort to get ahead of the story.
Daniel Ives of Wedbush Securities noted that the ride-hailing firms will face competition from other autonomous driving firms including the former Google vehicle unit Waymo. Lyft, Uber's biggest rival, went public on March 29.
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