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Technology Stocks
Uber Technologies and Lyft Inc. IPOs
An SI Board Since March 2019
Posts SubjectMarks Bans Symbol
74 11 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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74Uber Eats Its Way to New Revenues Amid Post-IPO Profitability Concerns By Glenn Petersen-Saturday
73Uber drivers are freelancers, not employees, federal labor lawyer says Another Glenn Petersen-last Tuesday
72More like $20 million, according to Bloomberg. Blind luck. Here's How Much Glenn Petersen-May 12
71Hi Glenn: I remember reading Lance Armstrong invested $100,000 and it was worthLogain Ablar-May 12
70The biggest winners—and losers—from Uber’s lackluster IPO By Alison Griswold QGlenn Petersen-May 10
69How Much Is an Idea Worth? In Uber’s Case, $3.7 Billion Garrett Camp envisionedGlenn Petersen1May 10
68Uber stumbles in trading debut Uber debuted on the New York Stock Exchange FridaGlenn Petersen1May 10
67Wait for market to crash then buy. IMHOalwaysbmiki-May 10
66I would wait, though there may be an initial pop.. When a solidly profitable FacGlenn Petersen-May 10
65Are you planning on buying on its debut today (Friday)? Seeing as how LyftAmigaComputer-May 10
64Uber settles disputes with thousands of drivers ahead of its IPO By Chris IsidGlenn Petersen1May 9
63Uber prices IPO at $45 per share, at low end of range Uber was expected to priceGlenn Petersen1May 9
62Oh the growing pains of a new company. And good on the employees striking durinAmigaComputer1May 9
61Uber’s Arbitration Addiction Could Be Death by 60,000 Cuts By Joel Rosenblatt Glenn Petersen1May 8
60Lyft posts large loss in its first quarterly report as a public company PublishGlenn Petersen1May 7
59Waymo inks autonomous driving partnership with Lyft Kia Kokalitcheva Axios May Glenn Petersen1May 7
58Ride-hailing drivers plan massive strike days ahead of Uber's IPO Erica PanGlenn Petersen1May 7
57Economists at UBER [youtube video] via Marginal RevolutionGlenn Petersen-May 5
56Everything You Need to Know About the Uber I.P.O. DealBook New York Times May 5Glenn Petersen1May 5
55What Uber Left Behind in Asia Emerging markets outshine the U.S. in ride-hailinGlenn Petersen-May 5
54With Uber’s I.P.O., Dara Khosrowshahi Is Taking Travis Kalanick’s Company PublicGlenn Petersen-May 3
53Which Tech Company Is Uber Most Like? Its Answer May Surprise You By Mike IsaaGlenn Petersen-April 28
52Uber Aims for an IPO Valuation of as Much as $90 Billion By Olivia Zaleski andGlenn Petersen-April 25
51Uber Questions Ben Thompson Stratechery Posted on Monday, April 22, 2019 OverGlenn Petersen-April 22
50Why Uber's value will be at risk Steve LeVine Axios April 12, 2019 Uber isGlenn Petersen-April 14
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