The IPO that seemed like it was never going to happen. I’m very curious to see whether they manage to achieve a public valuation that’s as high as the one that their investors have given them, while they’ve been private.
If they do get a valuation of $120bn as per the Goldman’s estimate, this stock will be shorted a lot!
While no-one knows what will happen with the markets, it seems a strange time to IPO given the current shaky tech sector and that an IPO is very much a timing based operation.
Lance Armstrong invested $100K in a fund that invested in Uber when Uber was valued at $3.7m then.
That will be us when Freetrade IPO’s
Given that Uber is worth 32,437 times more than that original valuation he’s not done that well all things considered!
$120b valuation with no profit!? The hedge funds will tear this apart when it goes live