Operations

Blacklane Plans IPO Within Three Years

News Reports
Posted on May 1, 2019
Blacklane's Brisbane office (Photo: Blacklane)

Blacklane's Brisbane office (Photo: Blacklane)

DUBAI --- German chauffeur service Blacklane is planning an initial public offering (IPO) in the next three years, its chief executive told Reuters, as it strives to build its position in the fast-growing premium taxi market.

Any flotation would follow those of larger ride-hailing rivals. U.S. group Lyft listed last month with a valuation of $24.3 billion, while Uber is planning an IPO that values the company at $80.5-$91.5 billion.

Nasdaq article here

Related Topics: airports, Blacklane, customer service, finance, fixed base operations, German operators, Global operators, luxury travel, mobile applications, on-demand service, TNCs, vehicle apps, VIP service

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