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Technology Stocks
Uber Technologies and Lyft Inc. IPOs
An SI Board Since March 2019
Posts SubjectMarks Bans Symbol
158 17 0 UBER
Emcee:  Glenn Petersen Type:  Moderated
Lyft Inc. filed its initial S-1 registration statement with the SEC on March 1, 2019. It previously filed a confidential statement on December 6, 2018. While the IPO has not yet been priced, the Wall Street Journal has reported that the company expects to be priced in the $20 to $25 billion range. The road show is expected to start during the week of March 18 and the IPO may occur before the end of March.

Uber filed a confidential registration statement on December 7, 2018. Its valuation has been pegged in the $120 billion range. The Uber IPO will probably be the largest - and the most controversial - IPO in the U.S. during 2019.

Uber and Lyft are the two largest ridesharing companies in the U.S., a market that Lyft describes as a "peer-to-peer marketplace for on-demand ridesharing." Uber, the poster child for the so-called "sharing economy," operates in about 70 countries and also has businesses in freight hauling, autonomous driving, food delivery, air taxis and artificial intelligence research. In contrast, Lyft is only available in the United States and Canada and has stayed tightly focused on its core ridesharing business. Both companies have focused on growth at the expense of profitability.

Lyft has benefited from a spate of scandals that rocked Uber in 2017, including allegations of sexual harassment made by its female employees, the resignation of its chief executive officer and its use of illicit software to deceive regulators. As a result, Lyft had a 39% share of the U.S. ridesharing market in 2018, up 17% in two years.

Uber SEC filings: Not available yet.

Lyft SEC filings: sec.gov

Uber website: uber.com

Lyft website: lyft.com

Two related SI boards:

Drones, Autonomous Vehicles and Flying Cars: Subject 59296

Among the biggest risks involved in the push to driverless cars is getting beaten in the race. The first companies to offer autonomous ride sharing “are expected to have long-term advantages compared with traditional non-autonomous ride sharing offerings,” Lyft says.

Peer-to-Peer, Gig, and On-Demand Economies: Subject 59463

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158Grubhub has two new suitors, Just Eat Takeaway and Delivery Hero, as Uber stallsGlenn Petersen-last Friday
157h/t Moonray Lyft reports 26% growth in rides for May, but the worst is far froGlenn Petersen-last Wednesday
156The bad numbers are likely the reason Uber is now in talks to buy Grubhub, inGlenn Petersen-last Sunday
155Not really material, but indicative of Uber's narrowing focus: Uber just deGlenn Petersen-May 27
154Amen!rogermci®-May 20
153Agreed on the need to buy GRUB. And they need more. They should buy InstaCart oFR11May 20
152Have the best jockey for this horse. He's a good man. Now he needs GRUB. rogermci®-May 18
151Uber to cut 3,000 more jobs Published Mon, May 18 202011:13 AM EDT Updated 7 miGlenn Petersen-May 18
150Uber’s CEO, a Seasoned Dealmaker, Pursues His Biggest One Yet By Gerrit De VynGlenn Petersen-May 14
149That would be a real game changer for Uber. If they can pull it off, I would expGlenn Petersen-May 12
148bloomberg.com Extremely bullish development. Will be huge if it occurs. More rogermci®1May 12
147And the traders on CNBC hate it, with one of them calling it a short. The wall rogermci®-May 7
146Uber shares shoot up after CEO says ride volume is increasing again after April Glenn Petersen-May 7
145Lyft shares jump 15% as company reports more riders than last year despite coronGlenn Petersen-May 7
144Uber is reportedly considering another investment in Lime, in a round that wouldGlenn Petersen-May 5
143Re: Uber Eats In a post-coronavirus world, “eating out” may mean utilizing anGlenn Petersen-May 4
142Bullish....less overhead. Stock reacts positively.rogermci®-April 29
141Uber Discusses Plan to Lay Off About 20% of Employees theinformation.com Lyft Glenn Petersen-April 29
140Good find, thanks! I hadn't seen that. That's good company to have.rogermci®-April 26
139Stanley Druckenmiller thinks very highly of Uber too: fintel.ioRarebird-April 26
138Clear breakout on the chart over 29 with a close of 29.49. Let's see if we rogermci®-April 26
137Demand for rider transportation will soon explode as people shy away from publicGlenn Petersen-April 20
136Pulled the trigger on this one today @ 27. Investment, not a trade. Chart lookrogermci®1April 20
135Uber adds retail and personal package delivery services as COVID-19 reshapes itsGlenn Petersen1April 20
134Uber and Lyft Are Searching for Lifelines The ride-hailing competitors started Glenn Petersen-April 17
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