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Technology Stocks
Uber Technologies and Lyft Inc. IPOs
An SI Board Since March 2019
Posts SubjectMarks Bans Symbol
171 18 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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171Uber revenue drops 29% but delivery bookings double PUBLISHED THU, AUG 6 20203:Glenn Petersen-Thursday
170Anthony Levandowski sentenced to 18 months in prison, as new $4B lawsuit againstGlenn Petersen-Wednesday
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
156The bad numbers are likely the reason Uber is now in talks to buy Grubhub, inGlenn Petersen-May 31
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
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