Uber technologies and their rival lyft are keeping their first step in the share market. The journey may not be bode as the investors have their plans for placing the bets. The companies filled their IPO in the US security exchange.
The reports say that among the two Uber has more chances of getting investment. The public sharing can take place in close proximity until anyone company decides to stop.
The first company doing the debut will get an eye of investors. Uber will attract lots of customers to its freight and food delivering business. Lyft will have smaller shares in their business. Lyft only operates in two countries United States and Canada.
The IPO say that it may have a net worth of 20 to 20 billion and also started renting bikes like Uber. On the other hand Uber is providing service in 70 countries with net worth of 120 billion.
Source: reuters, kitv
