Notes about the IPO I've been collecting....<p>- Opens at $87.24, IPO at $72.00<p>- raised about $2.34 Billion in cash<p>- unlike hte SNAP IPO, this one has some buy ratings<p>- lock up date of Sept 2nd<p>- company valued at $25Billion, though note the financial engineering of a relatively small float that helps push up the stock price.<p>- upsized offer from 30.8M shares to 32.5M( around 11% of float, this is a relatively small float)<p>Groupon tried this kind of financial engineering to prop up a bad business, it didn't go well then<p>- valued at 10x 2018 revenue, wow, given the losses, wow.<p>- CEO won't talk about how they'll become profitable, now that they are out of the IPO window that's a bit of a worrying trend, though clearly Wall St doesn't seem to currently care<p>- no international expansion plans outside of Canada
> "We may choose to do that some day but we don't have current plans."<p>-now trading below its opening trade, not to be confused with its opening price.<p>Uber had better IPO this year.<p>By Year end Lyft will have reported 3 times so investors will start to look for losses to shrink and see a path to profitability. Lyft Share lock ups will also be off so Lyft will get some selling pressure.<p>If Lyft can't support the high valuation it currently has 9-12 months out then Uber had better have a better story than "we're Lyft but bigger".<p>I'd expect to see an S-1 from uber in April and an IPO by the end of the summer to avoid this scenario.