D-Day For Uber 🚖

Table of Contents

D-Day For Uber

It’s out of the trenches and into a haze of bullets as Uber gears up to go public today amid a tough global market and the ashes of Lyft’s torched IPO. This could be a biggie!

The long-awaited Initial Public Offering that has been on every investors’ mind since it was announced is finally here, priced at a surprisingly conservative $82bn. The company will list at $45 per share, towards the bottom of its $44-$50 range with the intention of raising $8.1bn. But what’s got them so spooked?

Lyft. That’s what. The uncontrollable hype surrounding the Lyft IPO resulted in one of the most spectacular IPO fails in recent years, with the stock plummeting Almost 30% in just over a month. Ouch.

Lyft aside, Uber is landing itself in a proverbial economic war zone as the trade war between the US and China escalates and global stocks experience their worst week in months. The conservative valuation, that sits almost a third lower than some analysts predicted a year ago, is an attempt to avoid a Lyft-style fire sale…But that may be beyond its control.

Investors still have to grapple with the fact that the company is still losing money hand over fist. Buying into a company that’s losing money is a dangerous business. The stock’s future success will ultimately depend on the business’ ability to sustain its growth while gradually moving towards profitability – no small task for a Uber-sized company.

Heads up: Uber will be added to the Invstr list very shortly, but if you’re keen to dip your toes into the IPO world #ripo could be just the ETF you’re after!

Avengers Crushes Box-Office Records

Share:
More Posts
Market Recap – September 28th 💰
29 September, 2023

After the 10-year Treasury yield bond fell off from its 15-year high, investors added some value back into the market, focusing all short-term attention on Friday’s PCE price index reading.
The Crude Oil Bust 🛢
28 September, 2023

Surging global crude oil prices, driven by factors like OPEC+ production cuts have pushed U.S. West Texas Intermediate futures to over $95 per barrel.

Load More
Get your daily Invstr Crunch

Get the market news and updates you need, delivered to your inbox or available on our daily podcast.

Facebook Twitter Youtube Instagram Snapchat Tiktok
learn
products
plan
Who we are
blog

Risk Disclosure:

Invstr is not a bank and banking services are provided by Vast Bank, N.A.

Brokerage and Banking services are currently only available to U.S. residents.

Invstr app and web services are provided by Invstr Ltd. Advisory services are provided by Invstr Financial LLC, an investment adviser registered with the Securities Exchange Commission (SEC) details of which can be obtained here. Securities brokerage and custody services are provided by Apex Clearing, a broker dealer registered with the SEC and a member of FINRA and SIPC. There is no bank guarantee on securities and securities may lose value.

Investing involves risk and can lead to losses. Past performance does not guarantee future results.

Invstr app and web services are provided by Invstr Ltd. Invstr+ advisory services are provided by Invstr Financial LLC, an investment adviser registered with the Securities Exchange Commission (SEC). Securities brokerage and custody services are provided by Apex Clearing, a broker dealer registered with the SEC and a member of FINRA and SIPC. There is no bank guarantee on securities and securities may lose value. Vast Bank N.A. a nationally chartered bank and member of the FDIC, provides the banking products, including the products and services related to digital asset accounts. As with any asset, the value of Digital assets can go up or down and there can be a substantial risk that you lose money buying or holding digital assets. You should carefully consider whether trading or holding Digital assets is suitable for you in light of your financial condition. Your digital account does not support wallet to wallet transferring of your digital assets (i.e. cryptocurrencies) outside the platform. Any Digital Assets in your digital asset account are not insured by any government entities, including but not limited to FDIC or SIPC. The Invstr Visa® Debit Card is issued by Vast Bank, N.A. pursuant to a license from Visa U.S.A Inc and may be used everywhere Visa debit cards are accepted. Invstr Ltd, Invstr Financial LLC and Invstr Securities Ltd are subsidiaries of Marketspringpad Holdings (collectively “Invstr”) and Invstr is solely responsible for the application services and website content.

Watchlists provided when users first access the service are not a recommendation to invest. Instead they are provided to help users better navigate the service. Users are free to edit and create their own watchlists. From time to time, Invstr will suggest instruments solely based on an individual’s interest and the interest levels of the Invstr community. The statistical and portfolio builder models generated by Invstr do not reflect actual investment results and are not guarantees of future results. Comments provided by Invstr leaders, influencers or members of the Invstr Community are not recommendations and should not be construed as such. Invstr does not endorse the content or the positions posted by them. Their investment approach, and that of the models provided by Invstr, may be different from yours and may not be appropriate for you.