Uber will kick off a road show on market share to prospective investors this month and would start trading publicly. Bankers said last year that Uber might be valued at $120 billion at the IPO. San Francisco, California: Investors can get their first look at hundreds of pages of details about Uber Technologies Inc as soon as Thursday, as the journey hailing a giant gears up to publicly file for initial public offering. The global journey hailing company will kick off a road show on market share to prospective Investors this month and could start trading publicly in May, said the people, who asked not to be identified since the info is confidential.
Uber is looking to raise about $10 billion, one of the people said. The offering is likely to be the biggest US IPO this year and among the 10 biggest of all time. Even though Uber has released partial financial results for many years, IPO submission to the US Securities and Exchange Commission will offer the first complete look in its own numbers and operations. Prospective investors are hungry because of the minutiae, and they are now armed with journey hailing Lyft Inc’s March list as the reference point for choosing apart Uber’s business and value. The principal thing is going to be a walk said Wedbush Securities analyst Dan Ives.
I think of the sight of several investors Lyft is the small brother to Uber.” . Uber said that it generated $50 billion in gross bookings last year, up about 45. However the figures show slowing expansion. Of the $11.4 billion of net revenue in 2018, just $3 billion arrived in the last 3 months of the calendar year, up only 2 percent from the preceding quarter. While that number gave the San Francisco, California based company per year over year growth rate of 25%; high by most standards, it fell short of the 38% rate for the third quarter.
Shares of SoftBank Group Corp, a leading Uber shareholder, reversed losses and accumulated just as much as 1.9% in Tokyo trading. Flattening trajectory. Investors will want to have An explanation for Uber’s flattening trajectory, a potential signal that its core journey hailing business might be stalling. They’ll also want to know where the money is coming from as the business expands into cargo and food delivery and scooters and bikes, as it also eyes even vehicles that are flying and driverless. Breaking out Uber’s US ride hailing business from its global operations will probably be a certain focus for all those parsing its own IPO to compare it to Lyft, which operates in the United States and Canada.
A point of question would be if Uber has already saturated the US market. I do not know whether they are going to give us enough to get at that level of specificity however, the US is the oldest, most mature market, said Tom White, a senior analyst in D.A. Davidson & Co. I think some traders believe it’s slowed considerably.”.