On Thursday, we learned that Lyft had filed papers for an IPO in 2019, and on Friday night some "people who are familiar with their plans" said the Wall Street Journal about rides. hailing rival Uber. According to the New York Times Uber also filed filings with the Securities and Exchange Commission on Thursday, laying the groundwork for the two companies to compete over who can market their shares first. Since replacing Travis Kalanick last year, it has been very important for CEO Dara Khosrowshahi to bring the company through the initial public offering. This message means that this could happen sooner than previously thought and was postponed from the middle or end of 201
These transportation apps have seen some of the biggest gains lately, but they are not the only tech companies to get ready for the IPO, while other companies like Slack and Airbnb may be in line.
Companies have similar incentives Employees and investors are waiting to raise money. Worrying about a possible recession and the question that both are supposedly unprofitable. Apparently, the bankers have estimated Uber's Uber IPO at $ 120 billion, well above the $ 72 billion estimate of the last round of financing, so you can see why they want to beat.