The big picture: Early estimates suggest Uber could be prepared to raise as much as $10 billion.
As ride-hailing major Uber filed its initial public offering (IPO) prospectus on Friday, India has been listed as its fifth largest market outside the USA in terms of total miles of rides covered (30 million miles).
Uber in 2018 had $11.3 billion revenue, increasing 42 percent over 2017, but less than the 106 percent growth the prior year.
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Outside the US-Canada combine, according to the miles of rides covered, Europe is the largest market (271 million) for Uber followed by Latin America (94 million), Japan/South Korea (79 million), and Middle East & Africa (74 million).
The S-1 filing underscores Uber's rapid growth in the last three years but also how a string of public scandals and increased competition from rivals have weighed on its plans to attract and retain riders.
The breakdown reveals Uber has been producing.
The IPO was estimated to sell around $10 billion worth of stock at a valuation between $90 billion and $100 billion, according to reports.
"We will not shy away from making short-term financial sacrifices where we see clear long-term benefits", he said.
Although Uber has not announced its official price range per share, the company has already raised nearly $20bn in investment rounds, totaling Uber's valuation at nearly $120bn. Uber applied to list its common stock on the New York Stock Exchange under the symbol "UBER".
Uber's business includes other services; for example, Uber Eats, Uber Freight, and dockless e-bike and e-scooter rentals.
Uber said its market share fell in most regions a year ago, although the rate of decline has slowed. Its fast-growing food delivery business, which spans 500 cities globally, doubled its revenue to $757 million in 2018 from $367 million in 2017. Now it will be up to the successor, Khosrowshahi of Kalanick, to convince investors who Uber has cleaned up its act and values that a market value greater than Ford Motor and General Motors combined.
The blowback from the problems helped Lyft pick up ground in the USA - something Uber acknowledged in its filing - and led to the ouster of Uber co-founder Travis Kalanick as CEO in 2017. It established its very first test automobile that was self-driving in 2016 and its own vehicle division has more than 1,000 employees, and more than 250 cars have been built by it so far.
"We believe that autonomous vehicle technologies will enable a product that competes with the cost of personal vehicle ownership and usage, and represents the future of transportation", Uber's filing said. Uber notes that Waymo has already introduced a limited ride-hailing service in Arizona, and concedes that other competitors could launch similar services before Uber can do the same. Alphabet also owns approximately 5% of Lyft's stock.