Deals
Uber Pitches Expansions While Investors Question Losses
- Firm plans to enter markets in Mideast, Germany with partners
- Uber attempts to reassure investors after Lyft’s poor showing
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Uber Technologies Inc. is betting expansion into new markets and new business areas will attract investors to its initial public offering. But at its first stop to pitch potential investors, a flurry of questions signaled that they’re focused on the company’s losses.
Uber kicked off its IPO roadshow Monday with lunch and breakfast meetings in London, people familiar with the matter said. More than 100 investors attended a lunch in Mayfair at Claridge’s hotel, they said, asking not to be identified because the meeting was private.