Uber IPO 2019: Uber IPO Share Price and Date – Uber Looking at a 100 Billion Dollars EvaluationSat Apr 20

After Lyft (LYFT) went live on Nasdaq less than two weeks back at the end of March 2019, Uber is finally bringing preparations for their IPO to an end, which means that the ridesharing magnum might be out in the market already in May 2019.

According to Bloomberg and the internal sources that the journal cited and that wanted to remain anonymous, Uber ridesharing company should publicly file for their IPO already on April 11th, releasing all important details around the date.

Additionally, Uber is already discussing share price targets in preparation for publicly filing their offer. Even though the ridesharing giant is said to be among 10 top IPOs of all times, on the list with companies such as Facebook and Alibaba, many investors are arguing that Uber’s estimate might be underpriced by 20 billion dollars or so.

READ ALSO:  Tron Price Prediction: Will Tron (TRX) be Valued at $2.78 Twelve Months from Now? -Sat Apr 20

Uber Date and Share Price IPO 2019: When Will Uber Go Public and What is the Share Price Estimate for Uber?

While Uber already announced that they expect to see 10 billion dollars raised with their public offering in May when the company is more likely to go public, Uber also announced that they expect to see evaluation of 100 billion dollars upon their public debut.

The company is likely to price their shares between the value of 48$ and 58$ per share at the very start of the public sale, in oppose to Lyft’s starting price of 72$ per share.

READ ALSO:  Bitcoin network records a fall in levels of difficulty for mining activities

Uber was previously estimated at 120 billion dollars, however, the company appears to be undershooting, trying to avoid a case scenario where the price of shares would drop after the initial sale, which is why instead of going for estimates at 120 billion dollars, equal 11 times Uber’s reported revenue from 2018, the company will more likely go with 100 billion dollars, 9 times Uber’s revenue reported in 2018.

 

loading...
Have Your Own Idea? Become A Financial Analyst at TheOofy.com:  >Do you have an idea to share with the millions of people interested in the markets?
READ ALSO:  The SEC Ruling Might Mean ICOs Paying Back Millions
>Here is a chance for you to become a financial analyst and get up to $999 for an article based on traffic and content quality. Signup now to start sharing your experience.

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.