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Why IPO Star Uber Faces A Rough Road Ahead

Why IPO Star Uber Faces A Rough Road Ahead

Ride sharing behemoth Uber Technologies Inc.'s IPO, valued at potentially $100 billion, makes it the highest profile IPO among the 2019 class of unicorn tech giants. Financial data in the company's prospectus and several experts, however, indicate that Uber faces major challenges to prospering longterm. The prospectus shows that quarterly revenue growth has stalled in its core ride sharing business.