Daily Management Review

Gett or Uber: Which IPO will be first?


Gett, taxi and other services company, can hold an IPO already this year. Perhaps it will be able to go public even earlier than Uber.

Plans to hold an initial public offering and become a public company were announced by CEO Dave (Shahar) Waiser. 

Earlier, the Israeli newspaper Globes, citing Waiser’s letter to the company's employees, told that Gett was preparing to enter an IPO before the end of 2019. According to the publication, the company has already begun consultations on this issue.

"Our leadership in the corporate segment, performance and growth indicators show that the company can be in demand in the public market. We reserve this opportunity, including in 2019," he said.

In addition, the company intends to reach the operating profit in all markets of the online taxi aggregator presence, said Head of Gett.

In this case, Waiser did not give a forecast when exactly this will happen. He explained that the main segment of the company's revenue is corporate transportation.

Uber has also been talking about plans to hold an IPO for more than a year. However, so far it has not come further than words.

In early January, the company's chief executive Dara Khosrowshahi in an interview with The Wall Street Journal in Singapore, said that the turbulence of the US stock market is unlikely to interfere with IPO of Uber Technologies Inc. 

"Any company that enters the open market would like to do this in a positive environment, against the backdrop of a stable market," he said. At the same time, Khosrowshahi stressed that Uber is a large and flexible company that is able to successfully make a listing in almost any market situation.

“We will do this when we are ready, and hopefully the markets will be in good condition,” he added.

source: globes.co.il

Science & Technology

Apple to come up with AR glasses

WEF: Big data regulation becomes a problem

Israeli Firm Accused Of Spying By WhatsApp, Lawsuit Filed Against It

Google Used Quantum Computer To Solve Complex Problem

Mars Had Earth-like Salt Lakes

Study: AI is not as profitable as you might think

Porsche, Boeing set to develop flying electric car

Samsung to invest $ 11 billion in new generation displays

US is betting on Nokia and Ericsson to replace Huawei

UPS becomes first to receive full regulatory approval for UAV shipping in USA

World Politics

World & Politics

Vale hiding information about problems at Brazilian dams could result in death of 270 people

US Lawmakers Introduce Bill About Xinjiang Uygur Camps In China

European Council agrees to extend Brexit again

Pressure From China Forces Maserati To Dissociate From Film Awards Event In Taiwan

China to replace Hong Kong's Carrie Lam

Iran warns of new reduction in nuclear deal liabilities

Dominican Republic lost $ 200 million because of scandal with tourists death

France: We will take measures to protect our military in Syria