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Technology Stocks
Uber Technologies and Lyft Inc. IPOs
An SI Board Since March 2019
Posts SubjectMarks Bans Symbol
181 22 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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181Lyft-Chase partnership seems to be expanding because of limited usage numbers onFollowing-Mr.Pink-last Saturday
180Uber and Lyft face setback in case to reclassify workers, but it’s far from overGlenn Petersen-last Friday
179Uber Freight raises $500 mln, valuation rises to $3.3 billion By Reuters Staff Glenn Petersen-October 2
178Postmates cuts losses in Q2 as it heads towards tie-up with Uber Danny CrichtonGlenn Petersen-September 26
177There is bullish crossover in MACD and Stochastic oscillator. Looking for breakoAlejandroo Green-August 27
176An opinion piece on the Lyft/Uber situation in California... (Note, freelance wRon-August 23
175The Future of Uber and Lyft Might Look a Lot Like FedEx A new ‘franchise’ modelGlenn Petersen-August 22
174Appeals court grants Uber and Lyft a temporary reprieve following threats to shuGlenn Petersen-August 20
173They always use it comfortablyNoahFirst-August 18
172\Uber CEO says its service will probably shut down temporarily in California if Glenn Petersen-August 12
171Uber revenue drops 29% but delivery bookings double PUBLISHED THU, AUG 6 20203:Glenn Petersen-August 6
170Anthony Levandowski sentenced to 18 months in prison, as new $4B lawsuit againstGlenn Petersen-August 5
169One of the challenges for Uber would be competing with Amazon Prime. Walmart is Glenn Petersen-July 13
168Great reporting there. Suddenly, GrubHub miss doesn't seem so disappointingrogermci®-July 12
167Uber Eats + Postmates Offers Amazon-Sized Opportunity Consolidation in food delGlenn Petersen-July 12
166 I would be surprised if Uber shares don't drop significantly in the coming Glenn Petersen-July 9
165By looking around in Portugal's capital, it feels like the volume is down arShortSelling-July 9
164Uber launches on-demand grocery delivery in Latin America and Canada The anGlenn Petersen-July 7
163$2.65 billion; all stock. cnbc.comGlenn Petersen-July 6
162Uber Makes Offer to Buy Postmates Delivery Service The ride-hailing company hasGlenn Petersen-June 29
161An overly long story on the origins of JUMP, its acquisition by Uber and how UbeGlenn Petersen-June 28
160Uber to Sell Software, Starting With Four-Van Transit Service By Lizette ChapmGlenn Petersen-June 17
159Unfortunate for Uber: Uber likely to pull out out of its merger talks with GrubGlenn Petersen-June 10
158Grubhub has two new suitors, Just Eat Takeaway and Delivery Hero, as Uber stallsGlenn Petersen-June 5
157h/t Moonray Lyft reports 26% growth in rides for May, but the worst is far froGlenn Petersen-June 3
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