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Technology Stocks
Uber Technologies and Lyft Inc. IPOs
An SI Board Since March 2019
Posts SubjectMarks Bans Symbol
131 14 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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131It would be a natural extension of their current business, although they probablGlenn Petersen-an hour ago
130Uber is sitting on a gold mine and I don't know why they don't take it. FR1-yesterday
129Uber CEO asks Trump to support gig workers impacted by the coronavirus PublisheGlenn Petersen-March 23
128Luckily for Uber, they are sitting on a ton of cash. The stock took a hit this mGlenn Petersen-March 23
127More than likely discounted in the price of the stock. Remember the virus won&#rogermci®-March 23
126Bad news for Uber: Message 32625716 More bad news: Uber and Ola come to a compGlenn Petersen-March 23
125Uber says rides down by as much as 70% in cities hardest hit by Coronavirus, looGlenn Petersen-March 19
124"May'? Uber may suspend accounts of riders, drivers who test positive Glenn Petersen-March 11
123Amen brother. But this too shall pass.rogermci®-March 6
122Ultimately, COVID-19 is going to impact both Uber and Lyft: Didi Chuxing was alGlenn Petersen-March 6
121Uber's latest test books rides with a phone call, not the app You won'tGlenn Petersen-February 13
120Uber shares spike as company says it will reach a key profitability goal sooner Glenn Petersen-February 6
119Uber and DoorDash reportedly held failed talks to merge last year Published ThuGlenn Petersen-January 30
118Perhaps the bigger story today for Uber might just be this: seekingalpha.com Srogermci®1January 21
117Uber cuts losses from Eats business in India with sale to Zomato Chandini MonnaGlenn Petersen-January 21
1167 days later, it seems the same Uber position <b>Uber Retools California Sr K-January 8
115Uber and Postmates claim gig worker bill AB-5 is unconstitutional in new lawsuitGlenn Petersen-January 1
114Uber obtains approval from Egypt to proceed with Careem acquisition Glenn Petersen-12/30/2019
113Good riddance.Glenn Petersen-12/22/2019
11212/21 4:47 PM Travis Kalanick, Uber’s former chief executive and co-founder, hSr K-12/21/2019
111Here's what Uber is doing to solve its sexual assault problem after reportinGlenn Petersen-12/7/2019
110Totally agree. London news merely noise.rogermci®-11/25/2019
109Uber stripped of its London license as regulator says it put passengers at risk Glenn Petersen-11/25/2019
108Short term pain; a positive long-term. Getting Kalanick totally out of the pictuGlenn Petersen-11/25/2019
107I interpret his sale of UBER stake as bullish. Selling pressure should abate.rogermci®-11/24/2019
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