NYSE wins Uber, Pinterest listings

25 March, 2019, 11:25 | Author: Regina Silva
  • Uber selects the New York Stock Exchange for its forthcoming mega IPO

The ride-hailing app and social media platform are both reportedly considering selling their shares on the New York Stock Exchange after completing their initial public offerings this year.

A Pinterest banner hangs on the facade of the New York Stock Exchange (NYSE) in New York City, U.S., September 22, 2017. Like its biggest rival Uber, also planning to go public this year, Lyft has yet to become profitable, with net losses amounting to $911 million in 2018. The final size will change.

Like Lyft, Pinterest plans to go public with a dual-class share structure to concentrate voting power with Class B shareholders, which include co-Founder, President and Chief Executive Officer Benjamin Silbermann.

Reuters previously reported Pinterest could raise around $1.5 billion in the IPO, which is likely to come in the first six months of 2019.

Jet Airways suspends operations on 13 worldwide routes
Besides, Jet Airways has also reduced frequencies on seven other overseas routes, mostly from Delhi and Mumbai , as per sources. The airline has also suspended services on the Bangalore-Singapore route, where it flies twice daily, till end of April.


Trump escalates feud with Fed by picking political ally for board
Moore has also been a CBN News contributor, writing for CBNNews.com and appearing on the 700 Club to provide economic analysis. There is a reason why politicians are no longer put in charge of interest rates in most developed democracies.


Yield Curve, Yield Curve, Yield Curve
They are considered the world's safest securities because they are backed by the full faith and credit of the US government. The front-end to intermediate part of the curve inverted for the first time in a decade back in December.


The companies and the NYSE declined to comment.

As one of two dominant ride-hailing companies, Lyft was used by more than 30 million people across North America past year, generating $8.1 billion in gross bookings and $2.2 billion in revenue.

The company said part of its strategy is to expand into new advertising markets, such as appealing to auto companies and financial services firms that want to reach its base of 250 million monthly active users.

Pinterest initially submitted its IPO plans confidentially.

Recommended:



Popular

Seven injured as Gaza rocket hits home in central Israel
At least 258 Palestinians have been killed by Israeli fire in Gaza since weekly border protests began almost a year ago. One Palestinian was wounded in the strike, a medical source in Gaza said.

ISIS caliphate gone, but group remains a threat
The spokesman for the Kurdish-led Syrian Democratic Forces (SDF) on Saturday said the sliver of land had been fully liberated. Sleeper cells in Iraq have staged a scatter-gun campaign of kidnappings and killings to undermine the Baghdad government.

Mauricio Pochettino left emotional as new Spurs stadium opens
This is a significant increase from White Hart Lane's capacity of 36,284. "We all feel the same, so excited". Lloris, though, warned improvements also have to be delivered on the pitch if the team is to progress.

US Agency Error Exposes 2.3 Million Disaster Survivors To Fraud
As an added measure, Litzow said, FEMA instructed contracted staff to complete additional DHS privacy training. The memo said FEMA concurred with the recommendations.

Thai Leader Wants to Form Government as Votes Are Counted
Trailing with 6.90 million votes was Pheu Thai, a party linked to exiled former Prime Minister Thaksin Shinawatra. Voting is underway in Thailand's first election since the military ousted an elected government in a 2014 coup.

Misunderstanding With Turkey Over Christchurch Resolved - NZ Foreign Minister
This is despite being Foreign Minister Winston Peters saying he had been assured the footage would not be played. Thousands of people gathered in New Zealand for Friday prayers and to pay their respects during a mass funeral.

Image of Jacinda Ardern projected onto world’s tallest building
New Zealand Prime Minister Jacinda Ardern waves as she leaves Friday prayers at Hagley Park in Christchurch , New Zealand. People attend the Friday prayers at Hagley Park outside Al-Noor mosque in Christchurch , New Zealand March 22, 2019.

Virginia survives upset bid, but can’t even cover spread vs. Gardner-Webb
The Cavaliers are 0-5 against the spread in their last five NCAA Tournament games and 1-3 ATS in their last four games overall. While last year's Virginia team only ranked 30th on offense, this one has no such difficulties.

Sony launches State of Play livestream for news on upcoming games
According to the company, these " State of Play " (nice name) showcases will highlight PlayStation 4 announcements and updates. A new video program from Sony called State of Play will debut next week, focusing on PS4 and PSVR news and updates.

Boeing nears completion of 737 Max 8 system overhaul
In 2014, PTGI ordered 50 737 MAX 8 aircraft, with one having been delivered already. The USA's Federal Aviation Administration expects Boeing's update next week.