is expected to register its later today with the SEC. It'll be a couple of weeks before getting formal word on share price.

Reports say Uber plans to seek an initial market valuation of $90 billion ~ $100 billion.

If Uber were to hit that top mark, it would become the 30th most valuable company listed on a US exchange, topping ConocoPhillips and General Electric. 😲 It would also be larger than the two Wall Street banks leading its IPO, Morgan Stanley and Goldman Sachs.

Uber was actually in 2018, thanks to a one-off idiosyncrasy caused by divestitures of businesses in Southeast Asia (to ) and Russia (to a joint venture with ).

Operating income is still negative. Revenue growth is slowing in both and , from 106% in 2016-2017 to 42% in 2017-2018 (finishing up at $11.27 bn). Rideshare slowed down the most, due to greater competition, mature market saturation, increased rider discounts and divestitures.

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