Uber company is starting IPO valuation, selling its shares for $44-$60 per each. According to the Bloomberg anonym sources, the pricing may change, but still, the company’s aim is to rise from 8 to 10 billion dollar. Biggest Uber investor – Toyota, invested at a valuation of about $76 billion. As the company has a traditional approach, the valuation will depend on the investor demand and grow later.
Recently, the bankers evaluated the company as much as $120 billion (in an IPO). The great advantage of Uber IPO, is that it attracts the investors, who can bring fruitful income. For example, now PayPal company is planning to buy about $500 billion of Uber’s IPO, according to the Wall Street Journal.
Uber’s competitors evaluation
Comparing to its concurrent Lyft company (which proposes solutions fur transportations for efficient and cost-effective travels), Uber’s potential multiple this year is much higher – $16 billion against $15.1 billion. The IPO value of the main Uber’s competitor has fallen down this year from $20.5 billion to $15.1 consequently which constitutes the drop of 22 percent during only two months. The shares of Pinterest Inc. have fallen as well, having valuation of $15.2 billion instead of previous $28.80.
Uber IPO projects for the nearest future
Uber’s planning to set the regulations for the IPO this Friday bringing its shares to the stock market and opening new possibilities for investors. The offer is lead by Morgan Stanley from Goldman Sachs Group Inc., as well as by Bank of America Corp., says Bloomberg.com.
Uber IPO is going to begin with a minimum proposal of $8 billion, which is three times higher, that its main competitor (Lyft) ride-hailing ($2.34 billion). It will bi the biggest listing of the year, according to the Bloomberg agency. Moreover, it will be the ninth largest IPO in America (the bigger one was Alibaba Group, which set $25 billion in 2014).
Other companies, that have gone on shares market this month are Zoom Video Communications Inc., Printest and Slack Technologies Inc. After its initial failure with IPO in 2018 , when Uber lost $3 billion, it is going to pitch to potential investors like a worldwide transportation platform, providing also bicycles, scooters and food delivery.
© 26.04.2019 09:30PM Maskontravel Company LTD
Article by: Ekaterina Vyurkova
Video: Bloomberg Technology
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