Bolt technology explores IPO for riding operations

Estonian-based Uber Bolt technology reported to explore an initial public offering (IPO).

Mobility company explores options that can include an IPO, Bloomberg News reported Wednesday (Feb 26), discuss the sources familiar with this matter.

Sources say that the company can do a list of early 2026, and weighs the benefits of going public in US or Europe. Bolt’s sources have been considered other paths to raise capital.

Pymts contacted the bolt for comment but still no reply.

“As with any company considering a public list, we talked to specialized counselors in many places to help,” Bolt Bellesperson told.

“We continue to evaluate many potential lists in places,” in addition to the spokesman, saying that the IPO date will depend on market situations.

Bolt, whose services include riding riding, food delivery and scooter rentals, valued at $ 8.4 billion to rate exchange, after a 628 million euro funds.

The company raises another $ 231 million credit facility in 2024 says CEO Markus Vilnal “work to be prepared.” Again last year, the company began to hire managers to bring it Escooloter operations in the US

The news comes as an increasing cost of rideshare services can cause to go dip, according to a report last week from the Gig Worker App Provider Gridwise.

Report is found to be median price for Rideshare services (not counting tips) rose 7.2% of 2024 after a 7.6% increase in 2023.

“These trends reflect inflationary pressures, changes to fare bases, and higher operations costs, including fuel and vehicle care,” the report says.

Offering the decrease fare is the main companies that can keep users, the report has been added, with about 56% customers to tell them loyal to their selected rideshare service.

“It emphasizes the importance of operational recovery and cost effectiveness of maintaining users,” the report says.

Almost 72% of the consumers surveyed say that they cut or stop using rideshare services when they are no longer priced due to a higher price due to a higher price due to a higher price, the report found.

Meanwhile, Uber reports earlier this month the course of its action Enjoyed 24% year-year growth on gross bookings.

The company says it focuses on driving the need by changing the product, launching services such as Uber Business Black and Uber for teenagersand expanding options without costs like Uberx Share and Uber Shuttle.