ride hailing

Uber Technologies Inc (NYSE: UBER) stands a "next to no chance" of being granted a five-year permit to operate in London, a source told Sky News. What Happened Uber holds a temporary license to operate in London and will expire on Sept. 25, according to Sky News. The company already...

Stifel is bullish on the ride-hailing industry and raised its target price on Lyft Inc (NASDAQ: LYFT), while starting coverage of Uber Technologies Inc (NYSE: UBER). The Analyst Stifel’s Scott Devitt raised the target price on Lyft from $70 to $76 and is keeping a Buy rating on the stock....

Uber Technologies Inc (NYSE: UBER)'s initial public offering coincided with the start of the Sino-American trade war, and there's "nothing you can do about it," CEO Dara Khosrowshahi reportedly said during a Tuesday speech at the Economic Club of Washington, D.C.  What...

Uber Technologies Inc (NYSE: UBER) had a bigger earnings loss than expected, but narrowly beat the Street on revenue in its first-ever earnings report as a public company. Uber reported a first-quarter EBITDA loss of $869 million, down 210 percent year over year. The per-share loss of $2.26 missed...

The battle of public ride-hailing companies begins Friday when Uber becomes a public company. Should investors stick with the larger Uber or opt for rival Lyft Inc (NASDAQ: LYFT)? What Happened D.A. Davidson senior research analyst Tom White told CNBC during a recent "Trading Nation...

Soon-to-be-public ride-hailing company Uber had to earn its "place at the table" after multiple cities worldwide blocked the company from conducting business, the company's former chief business officer and senior vice president Emil Michael told CNBC Monday. What Happened Uber...

What does the ride-hailing landscape look like for newly public Lyft Inc (NASDAQ: LYFT)? Investors have a better idea now that its main competitor Uber is about to IPO, according to Guggenheim.  The Analyst Jake Fuller remains Neutral on Lyft.  The Thesis Uber filed an S-1...

Ride-hailing service Uber filed Thursday with the Securities and Exchange Commission for an initial public offering on the New York Stock Exchange under the ticker symbol "UBER," following its ride-hailing rival Lyft Inc (NASDAQ: LYFT) to Wall Street.  San Francisco-...

Seaport Global is bearish on newly public ride-hailing service Lyft Inc. (NASDAQ: LYFT), expressing doubts that the nation will move completely away from personal cars to using app-based ride companies. The Analyst Seaport Global's Michael Ward initiated coverage on Lyft with a Sell rating and...

Ride-hailing company Lyft, Inc. (NASDAQ: LYFT)'s stock begins trading for the first time Friday, and investors may want to consider passing on the opportunity, according to Wedbush. The Analyst Wedbush's Daniel Ives initiated coverage of Lyft with a Neutral rating...

This year will be a busy one for IPOs, but it pales in comparison to the "heyday" of the 1990s, DataTrek Research co-founder Nick Colas said during a recent CNBC "Trading Nation" segment. Only 52 IPOs In 2018 Throughout 2018, there were only 52 tech IPOs — around...

In the battle for rideshare supremacy, Lyft has been the quintessential second-mover to its rival Uber. Lyft which is hosting its IPO roadshow this week, appears likely to beat Uber to the public market in a massive $23-billion IPO, but an analyst tells Benzinga that until both companies can prove...

Uber is planning on following competitor Lyft in launching a road show ahead of a potential IPO in the coming weeks, Reuters reported Thursday. Sources familiar with the situation said Uber is planning to publicly file its required S-1 disclosure sometime in April. What Is A Roadshow? An IPO...

Lyft plans to launch the roadshow this week leading up to one of the largest and most highly anticipated IPOs in recent years. Here’s a look at what an IPO roadshow is and what investors can expect. What's A Roadshow? The first steps in conducting an IPO are for the company going public...

Ride-hailing rivals Uber Technologies and Lyft are gearing up to go public and are pursuing ways for their drivers to participate in the planned IPOs, The Wall Street Journal reported. What Happened Uber and Lyft are looking to reward some of their most active or longest-serving drivers with a cash...