191–200 of 470 posts
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> if it closes below $45 it will be the first time since 2008 that the happened for a major IPO Sorry, first time that what happened?
edited the comment, $45 was the IPO price, meant it will be the fist time since 2008 that a major IPO closed below its IPO price on the first day of trading.
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> Unprofitable I hear you, but... Meh, they say invest in companies who make products you use. I use the shit out of Uber and I don't plan on stopping even if the price goes up a bit. Now, I'm upper middle class, and I understand this isn't everyone's mindset, so I have no idea how the rest of the world feels. However, there are locatios, like my crappy hometown where I grew up not so fortunate circumstances, where h…
Who says to invest in companies who's products you use? That does not seem like great advice. You should invest in companies who are undervalued by the market in your opinion, not just because you like the product but because you think they have a good business around it.
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Facebook was at ~$44 on the day it IPOed, and proceeded to fall over the next month to about $19. Today its at $187.
Facebook was also profitable and had about 10x the number of users compared to Uber pre IPO https://www.forbes.com/sites/greatspeculations/2019/04/22/ub...
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> Boo to the underwriters(Morgan Stanley), who seemed to misjudge the market's appetite Who suffers if the price is quickly adjusted downward by the market? How is that different than it being released at that final market price from the get go? Naively I would think that setting it too high ensures maximum value is captured rather than going to early traders.
The investment bank sells a lot of shares to its own preferred clients. If the price then drops (because the initial offering price was too high) those preferred clients lose money. So the bank has every incentive to price it low, and usually does. So when the market goes even lower, we know that the IPO was done out of desperation and that early investors who had influence over the IPO price were eager to dump some…
How is that the correct conclusion. It sounds like the correct conclusion is they still over estimated the market price. Nothing about desperation for or against.
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Uber has paying users. Facebook had advertisement targets. Doesn't make too much sense to conflate the two.
Wait until drivers can make money by having in-ride advertising screens. (I kid.)
Some notes from watching Uber open: - if it closes below $45(its IPO price) it will be the first time since 2008 that the happened for a major IPO - TD Ameritrade executed more orders in the first 10 minutes of trading than they did for the first 2.5 hours with Lyft. - Uber is 9% of all trading at TD Ameritrade, retail loves this stock, - market is down today, which isn't helping Uber but its probably not much of a f…
> Boo to the underwriters(Morgan Stanley), who seemed to misjudge the market's appetite Who suffers if the price is quickly adjusted downward by the market? How is that different than it being released at that final market price from the get go? Naively I would think that setting it too high ensures maximum value is captured rather than going to early traders.
legit/dumb question. Math does not add for me on the '$82.4B valuation', they are selling 180 millon shares at $45 which is $8.1B what is the remaining 82.4b - 8.1b = 74.3b value come from????? it said: "Uber had raised $28.5 billion as a private company from no less than 166 different backers, with its last valuation in the region of $75 billion. The $82.4 billion valuation that it finally settled on for the IPO (se…
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"market is down today, which isn't helping Uber but its probably not much of a factor" It's actually a big factor.
> "market is down today, which isn't helping Uber but its probably not much of a factor" > It's actually a big factor. I assume you are trolling but just in case.... the SPY is now up on the day and Uber is still below its IPO price, so I guess we can put to rest the idea that a down market is a big factor in Uber trading below its IPO price.
SV Unicorn hype aside, there's not a big moat around running a jitney cab company.
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Facebook was also profitable and had about 10x the number of users compared to Uber pre IPO https://www.forbes.com/sites/greatspeculations/2019/04/22/ub...
Uber has paying users. Facebook had advertisement targets. Doesn't make too much sense to conflate the two.