{"id":345,"date":"2019-05-08T18:14:37","date_gmt":"2019-05-08T15:14:37","guid":{"rendered":"https:\/\/roboforex.com\/blog\/?p=345"},"modified":"2023-06-23T10:05:31","modified_gmt":"2023-06-23T07:05:31","slug":"uber-ipo-what-s-the-price","status":"publish","type":"post","link":"https:\/\/roboforex.com\/blog\/2019\/05\/08\/uber-ipo-what-s-the-price\/","title":{"rendered":"Uber IPO: What's the Price?"},"content":{"rendered":"\n

The investors have been eyeing the Uber IPO, which will take place in the NYSE<\/a> (ticker symbol: UBER)<\/strong>on May 9, over the last few weeks.<\/p>\n\n\n\n

The starting price is somewhere between $40 and\n$55. With around 180M shares to sell, the company is going to raise about $9B.\nThe lockup period, during which the investors won't be able to sell the shares,\nis set to 180 days.<\/p>\n\n\n\n

This is one of the greatest IPO's run recently, although it won't of course break the records set by Facebook<\/a> (NASDAQ: FB)<\/strong>, VISA<\/a> (NYSE: V)<\/strong>, and Alibaba Group (NYSE: BABA)<\/strong>, which raised 16B 18B, and 25B dollars, respectively. The Uber market cap may meanwhile reach $83.85B.<\/p>\n\n\n\n

The largest investors are, currently, Softbank (16.30%)m Benchmark venture fund (11%), Garret Camp), the Uber co-founder that also manages Expa venture fund (6%), Travis Kalanick, another co-founder and the former CEO (8.60%), the Saudi Arabia State Investment Fund (5.30%), and Alphabet<\/a> (NASDAQ: GOOG)<\/strong> (5.20%). Besides, the Uber management has also recently mentioned PayPal Holdings<\/a>, which is ready to invest $500M. Another $1B will be spent by Toyota Motor (NYSE: TM)<\/strong>, Denso Corp, and Softbank Vision Fund.<\/p>\n\n\n\n

The first Uber's trading session may be quite\nsuccessful, especially with many drivers getting loyalty bonuses that can be\nchanged on shares. With lots of people buying Uber shares this way, the stock\nis quite likely to head up.<\/p>\n\n\n\n

Uber has so far established its presence in\nover 70 countries, with around 91M users. Apart from taxi services, it also\noffers bike rentals, food delivery, and shipping. Uber's revenue has increased\nthreefold over the last three years, from $3.80B to $11.30B. The company did\nnot hit profits, however, suffering an operational cost of $3.03B in 2018.<\/p>\n\n\n\n

In Russia, Uber partnered with Yandex.Taxi,\nwith 59.30% share, but this also resulted in losses at around $42M.<\/p>\n\n\n\n

<\/span>What Are the Risks<\/span><\/h2>\n\n\n\n

In 2018, the active user increment slowed down\nby 20%. The Uber management says the operational costs will be getting higher,\nas the company is investing into driverless cars and is unlikely to start\ngetting profits in the nearest future. Another risk lies in the regulations\npressing on the business; namely, the government may force the drivers to\nbecome Uber employees: such laws are being developed in the US and some other\ncountries. <\/p>\n\n\n\n

Uber's reputation is also under threat, with\nthe competition doing a lot of job to tarnish it. The point is that Uber's\nclients pay less, which drives a lot of users off other companies and services,\nthe latter making every effort to get Uber banned in their country.<\/p>\n\n\n\n

<\/span>Conclusion<\/span><\/h2>\n\n\n\n

Uber gained global acknowledgment and is expanding\nits business. The shareholders are unlikely to be optimistic about the\ncompany's failing to get profit, and they will push Uber to increase the rates.\nThus, those who are using Uber should get ready to higher prices that may get\nin place quite soon. <\/p>\n\n\n\n

The company drove<\/em> a lot of attention to\nits IPO, the drivers playing not the lesser part here. Meanwhile, Uber has\naround 3M<\/a> employees, who also spread the information about the company.<\/p>\n\n\n\n

PayPal, Toyota Motor, Denso Corp, and Softbank\nVision taking part in the IPO will motivate the investors, which is going to be\nquite positive for the stock. A too large price may also be not quite good,\nthough. In March, one of Uber's competitors, Lyft (NASDAQ: LYFT) gos listed on\nthe NASDAQ. While the start price had been supposed to be around $68, it was\nactually $87, which soon lead to the stock falling to $60. Now LYFT accuses\nMorgan Stanley of allowing some clients to sell the shares during the lockup\nperiod (which is strictly forbidden), while those were still expensive.<\/p>\n\n\n\n

\"Lyft<\/a>
Lyft stocks<\/a><\/figcaption><\/figure>\n\n\n\n

Therefore, it is important what the Uber start\nprice is going to be. In case it's around $40 or $55, the stock may well rise,\nthanks to the large investors. <\/p>\n\n\n\n

With a much higher starting price, the Uber stock may do the same what LYFT's did.<\/p>\n\n\n\n

<\/span>Uber Stocks in R StocksTrader<\/span><\/h2>\n\n\n\n

If you are interested in trading Uber Technologies Inc. stocks, then you can do it in the multi asset platform R StocksTrader<\/a>. Uber stocks are available there from the very first trading session on May 9th 2019 .<\/p>\n\n\n\n

\nOpen Trading Account<\/a><\/p>\n<\/body><\/html>\n","protected":false},"excerpt":{"rendered":"

The investors have been eyeing the Uber IPO, which will take place in the NYSE (ticker symbol: UBER)on May 9, over the last few weeks.<\/p>\n","protected":false},"author":22,"featured_media":347,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[2],"tags":[],"class_list":["post-345","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-analysis"],"yoast_head":"\nUber IPO: What's the Price? - RoboForex Blog<\/title>\n<meta name=\"description\" content=\"The investors have been eyeing the Uber IPO, which will take place in the NYSE (ticker symbol: UBER)on May 9, over the last few weeks.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/roboforex.com\/blog\/2019\/05\/08\/uber-ipo-what-s-the-price\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Uber IPO: What's the Price? 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