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Uber The IPO – For Realz
Howard Lindzon
May 04, 2019
I love being a Twitter armchair quarterback. This week I tweeted:
Back in August 2017 I wrote about the inevitable IPO and my history with the product and the few shares I had from an early indirect investment.
My armchair opinion at the time:
I do have my armchair quarterback opinions that I have shared publicly over the years. I believe UBER should have done an IPO by 2012-13. Not for my own liquidity (there has been plenty of liquidity for early investors that wanted to sell). I think the stock would have already traded well north of $80 billion as a public company (maybe we will never know). I also have to think Travis would still be CEO if they had IPO’d in 2012. Furthermore, I am pretty sure LYFT would not be as strongly in the picture if Uber had IPO’s earlier. LYFT was caught up in a financial game of chicken that to investors credit, they ponied up.
Tonight Uber has named a new CEO…at least the board has named one. His credentials look impeccable. It’s 2017 and Trump is President so of course he’s an Iranian immigrant to boot.
I hope Uber files for an IPO tomorrow. Valuations be damned. Let the public (I mean Blackrock and Vanguard) trade the stock.
Now we are here, S-1 and all.
Should be an interesting week for $LYFT and $UBER as we see what investors settle on for the prices with both trading.
Have a great weekend.
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