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Technology Stocks
Uber Technologies and Lyft Inc. IPOs
An SI Board Since March 2019
Posts SubjectMarks Bans Symbol
203 24 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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ReplyMessage PreviewFromRecsPosted
203Uber posts record gross bookings in March as ride-hailing demand picks up PUBLIGlenn Petersen-April 12
202Uber grants UK drivers worker status after losing major labor battle PUBLISHEDGlenn Petersen-March 16
201Do Digital Platforms Reduce Moral Hazard? The Case of Uber and Taxis Meng Liu, Glenn Petersen-March 7
200Uber spins out delivery robot startup as Serve Robotics Kirsten Korosec@kirstenGlenn Petersen-March 2
199Uber dealt a major blow in the UK as top court rules its drivers are workers PUGlenn Petersen-February 19
198Uber losses narrow as delivery growth outpaces fall in ride-sharing PUBLISHED WGlenn Petersen-February 10
197Lyft stock rises more than 10% after company reports signs of pandemic recovery Glenn Petersen-February 9
196 The Democrats Just Reintroduced a Labor Law that Would Destroy Uber—And FUBHO-February 9
195Uber agrees to buy alcohol delivery service Drizly for $1.1 billion PUBLISHED TGlenn Petersen1February 3
194Uber sells its self-driving unit to Aurora PUBLISHED MON, DEC 7 20204:05 PM ESTGlenn Petersen-12/7/2020
193I have not seen an official date, though I have read that they want to do it befGlenn Petersen-11/27/2020
192Let's see. Btw do you have any info regarding the ipo date itself? I heard Kavabata-11/27/2020
191U.S. federal government awards transportation contract to Uber, Lyft By Tina BGlenn Petersen111/23/2020
190I believe that Airbnb will do well in the long term. Hard to predict what it wilGlenn Petersen-11/23/2020
189Uber back in time surprised everyone at the ipo, dropping hard. It managed to fiKavabata-11/23/2020
188The Biden administration represents an existential threat to the Uber/Lyft gig eGlenn Petersen-11/21/2020
187Uber in talks to sell ATG self-driving unit to Aurora Kirsten Korosec@kirstenkoGlenn Petersen-11/13/2020
186Lyft shares rally as company predicts EBITDA profit by end of 2021 PUBLISHED TUGlenn Petersen-11/11/2020
185Uber shares surge to record as investors look past mounting losses and toward vaGlenn Petersen-11/9/2020
184Uber reports 18% revenue decline but says ride-hailing business is picking back Glenn Petersen-11/5/2020
183Uber, Lyft Win California Bid to Keep Drivers as Contractors By Ellen Huet BloGlenn Petersen-11/4/2020
182Uber and Lyft rise as investors expect California voters to pass Prop 22 PUBLISGlenn Petersen-11/2/2020
181Lyft-Chase partnership seems to be expanding because of limited usage numbers onFollowing-Mr.Pink-10/24/2020
180Uber and Lyft face setback in case to reclassify workers, but it’s far from overGlenn Petersen-10/23/2020
179Uber Freight raises $500 mln, valuation rises to $3.3 billion By Reuters Staff Glenn Petersen-10/2/2020
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