Uber IPO: What Can We Expect?
While we’ve seen many tech unicorns come public during the past couple years, the Uber deal will be in another league. Note that the capital raise could be over $20 billion and the valuation more than $120 billion (the company has already raised $20 billion in private markets). This would make the Uber IPO one of the largest in history.
Yet the incoming CEO, Dara Khosrowshahi (who was the CEO of Expedia), has wasted little time in making big changes, especially with the corporate culture. And yes, the IPO will be an important part of the process.
Although, the offering will be more than just about raising money. An IPO will provide liquid stock as currency for dealmaking as well a way to attract talented employees. Let’s face it, the effort for developing self-driving vehicles will require hiring top-notch engineers and data scientists.
“The marketplace that has the best global coverage, with the most earnings for drivers, and the lowest cost and most convenient experience for consumers will win,” said Josh Winter, who is the CEO of ASM Limited. “It is still early in the race towards transforming the multi-trillion dollar personal mobility space.”
It also looks like arch rival Lyft will pull off its own IPO in early 2019. But Uber may have the edge. The company has about 69% of the US market and a presence across 70 other countries. Uber also has a variety of other business segments, such as UberEats and freight. As for the growth rate, it remains solid (revenues up about 38% to $2.95 billion in the latest quarter).
But then again, Lyft still has made considerable progress. Besides, when it comes to the tech space, it can be tough to maintain a lead. Hey, not long ago, companies like Nokia and BlackBerry dominated their industries. Now they are has-beens.
“The biggest difference between Uber and Lyft is the global effort,” said Jamie Sutherland, who is the CEO of Sonix and also the co-founder of one of the earlier players in the taxi-hailing industry, TaxiNow. “Uber is having to spend much more money entering new markets and working out issues with regulators. Once this has been paved, it makes it easier for a company like Lyft to follow. Sure Uber will get some first-mover advantages, but as we've seen in more developed markets like San Francisco, the switching costs for a consumer are non-existent.”
But in the end, the Uber IPO may ultimately depend on something out of the control of management: the fickleness of the equities markets. The plunge in December has been the worst since the Great Depression – and it is far from clear if things have stabilized. There remain many uncertainties like the Federal Reserve’s interest rate policies and the trade dispute between the US and China.
Granted, this is not to imply that Uber will fail in getting its deal done. However, it could mean that the valuation will need to be revised downwards and the after-market performance could be muted.
ASM Limited is an asset and wealth management company in Hong Kong. It has been established by a group of industry professionals to offer a bespoke alternative for the more discerning higher net worth client and family office. With more than 12 years of experience in the financial services industry, the Executive Investment Team are well practiced in partnering with private clients and wealth managers alike.
ASM Limited ensures a seamless and fully personalized service and is ideally placed to offer a solution that accesses institutional investment resources and professional managers.
Edinburgh Tower, The Landmark 15 Queens Road Central Central, Hong Kong, SAR
This release was published on openPR.
Permanent link to this press release:
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Uber IPO: What Can We Expect? here
News-ID: 1535013 • Views: 457
More Releases for Uber
Lawsuit filed by an Investor in Uber Technologies, Inc (NYSE: UBER) against dire …
An investor in shares of Uber Technologies, Inc (NYSE: UBER) filed a lawsuit against certain directors of Uber Technologies, Inc over alleged breaches of fiduciary duties. Investors who are current long term investors in Uber Technologies, Inc (NYSE: UBER) shares, have certain options and should contact the Shareholders Foundation at firstname.lastname@example.org or call +1(858) 779 - 1554. According to the complaint the plaintiff alleges that certain directors of Uber Technologies,
Uber Eats in the UK Market Success Case Study Analysis by Uber Eats, Uber, Just …
Online/app-based food delivery is a growth market in the face of pressure on traditional quick-service restaurants. This has inspired both new start-ups and bigger brands with logistics and online clout to explore such services, with competition springing up in major cities in markets such as the US, UK, and Europe. Get Sample Copy of This Report at www.orbisresearch.com/contacts/request-sample/2628058 Uber Eats is a food delivery service originating in the US but now expanding in
Success Case Study: Uber Eats in the UK Market Analysis by Uber Eats, Uber, Just …
Online/app-based food delivery is a growth market in the face of pressure on traditional quick-service restaurants. This has inspired both new start-ups and bigger brands with logistics and online clout to explore such services, with competition springing up in major cities in markets such as the US, UK, and Europe. Get Sample Copy of This Report at https://www.orbisresearch.com/contacts/request-sample/2628058 Uber Eats is a food delivery service originating in the US but now expanding
Phone Requirements For Uber TLC Rental
For those who are looking to build a second income stream or find a way to replace their current employment, driving for Uber has become a popular option. Of course, Uber does have certain requirements that you have to meet in terms of your driving status, what type of vehicle you can use, and the type of phone needed to become one of their drivers. Whether you choose to use
How Uber Car Rental Works for You
There is little doubt that Uber has become one of the hottest ways to make money for both part-time and full-time work. The concept of Uber ride-sharing is a simple one that allows drivers the ability to pick up passengers and earn a fee for each fare much like a traditional taxi service. However, the advantages of Uber for passengers are the considerably lower fees. However, you may need an Uber
mobinteg launches the “Uber of Ambulances”
Lisbon, January 25th, 2017: Call an ambulance through an app? Now it’s possible thanks to the system for ambulances and non-emerging patient transport companies, fully developed and supported by Portuguese company mobinteg, that seeks to be a bridge between applicants and providers, to provide a more convenient, fast and efficient service. The purpose of this "Uber of Ambulances" is to facilitate the communication between applicants and providers of non-emergent transport services.