openPR Logo
Press release

Uber IPO: What Can We Expect?

01-28-2019 10:36 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: ASM Limited

Within the next few months, the Uber IPO is expected to hit the markets. Keep in mind that the company has confidentially filed its S-1 with the Securities and Exchange Commission (the document is usually not made public until a couple weeks before the offering).
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.
Getting to this point has not been without its challenges and drama. In June 2017 Travis Kalanick resigned as CEO of the company in the midst of trade secret theft and aggressive efforts against regulators.

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.

ASM Limited
Edinburgh Tower, The Landmark 15 Queens Road Central Central, Hong Kong, SAR
Josh Winter
joshwinter@asm-ltd.com

This release was published on openPR.

Permanent link to this press release:

Copy
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: 642

More Releases for Uber

Lawsuit filed for Investors in NYSE: UBER shares over alleged Securities Laws Vi …
An investor, who purchased shares of Uber Technologies, Inc (NYSE: UBER), filed a lawsuit over alleged violations of Federal Securities Laws by Uber Technologies, Inc in connection with certain allegedly false and misleading statements. Investors who purchased shares of Uber Technologies, Inc (NYSE: UBER) have certain options and for certain investors are short and strict deadlines running. Deadline: October 17, 2022. NYSE: UBER investors should contact the Shareholders Foundation at mail@shareholdersfoundation.com
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 mail@shareholdersfoundation.com or call +1(858) 779 - 1554. According to the complaint the plaintiff alleges that certain directors of Uber Technologies,
Investigation announced for Investors in NYSE: UBER shares over potential Wrongd …
Certain directors of Uber Technologies, Inc are under investigation concerning potential 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 mail@shareholdersfoundation.com or call +1(858) 779 - 1554. The investigation by a law firm for current long term investors in NYSE: UBER stocks follows a lawsuit filed against Uber Technologies, Inc over alleged
Investigation announced for Long-Term Investors in shares of Uber Technologies, …
An investigation was announced concerning potential breaches of fiduciary duties by certain directors and officers of Uber Technologies, Inc. Investors who are current long term investors in Uber Technologies, Inc (NYSE: UBER) shares, have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554. The investigation by a law firm for current long term investors in NYSE: UBER stocks follows a lawsuit filed against Uber
Lawsuit filed for Investors in shares of Uber Technologies, Inc (NYSE: UBER) ove …
The Shareholders Foundation announced that an investor, who purchased shares of Uber Technologies, Inc (NYSE: UBER), filed a lawsuit in the U.S. District Court for the Northern District of California over alleged Securities Laws violations by Uber Technologies, Inc in connection with Uber’s May 2019 initial public stock offering. Investors who purchased shares of Uber Technologies, Inc (NYSE: UBER) have certain options and for certain investors are short and strict
Investigation announced for Investors in Uber Technologies, Inc. (NYSE: UBER)
An investigation was announced on behalf of investors of Uber Technologies, Inc. (NYSE: UBER) shares over potential securities laws violations by Uber Technologies, Inc. in connection with certain financial statements. Investors who purchased shares of Uber Technologies, Inc. (NYSE: UBER), have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554. The investigation by a law firm focuses on possible claims on behalf of purchasers of