According to media reports, Uber has submitted the necessary documents for an initial public offering (IPO). The ride-sharing provider could therefore go public as early as the first quarter of 2019. The company itself considers itself well-positioned for the IPO, but its current figures could deter some potential shareholders. While gross bookings and revenue are increasing, the company recently posted another loss of $1.1 billion – over the past seven quarters, Uber has burned through almost $7 billion.
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