Uber Is Huge, Diversified, and Other Things We Learned From Its IPO Filing

Ride-hailing giant Uber Technologies filed its IPO registration statement with the Securities and Exchange Commission late Thursday. It will sell stock in its initial public offering in about a month, becoming the latest in a series of high-valued tech companies to go public, following the IPO by its rival Lyft this month.

Rival Lyft cites $1.2 trillion in U.S. spending on personal mobility when referring to its addressable market. Uber operates in more countries and says its addressable market for ride-hailing is $5.7 trillion. What’s more, Uber thinks its meal delivery addressable market is $800 billion, and it’s focused on disrupting the freight brokerage industry with a $72 billion addressable market. That freight market doesn’t include the $700 billion U.S. businesses spend on trucking each year.

“Freight was markedly bigger than we were expecting and will be a major focus of the roadshow in our opinion,” Wedbush analyst Dan Ives told Barron’s. A roadshow is part of the IPO process, where investors meet with management and ask questions about the business. “This is a clear shot across the bow at freight brokerage players that Uber is a force to be reckon with,” Ives said. Large U.S. freight brokers include C.H. Robinson Worldwide and XPO Logistics . C.H. Robinson declined to comment.

There is something to this ride-hailing thing. Fifty billion dollars in gross bookings is a lot. So is the $39 billion paid to drivers. Uber’s losses are large—it has lost $10 billion from operations over the past three years—but it’s easy to see why growth investors are excited. Autonomous technology can give the company a way to cut prices and keep more of its gross bookings.

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Uber has filed to go public in what could be the biggest IPO in yearsLyft, the company's biggest competitor, has seen it's stock fall more than 23% since it began trading in late Match. clusterstock Who’d be that stupid to buy shares in Uber? Here is one my artworks . If you like this and need one like them, then please contact - portrait caricature Vector minimalist headshots Avatar oilpainting Apparently they are no more comfortable with rising profile lyft in the market
Source: BusinessInsider - 🏆 729. / 51 Read more »

Uber Discloses IPO FilingUber made its IPO papers public, revealing some of the secrets of a company with big, global ambitions that faces slowing growth in its core ride-hailing business. Which is why they’re doing an IPO now. Anyone knows that
Source: WSJ - 🏆 98. / 63 Read more »

Uber plans to sell around $10 billion worth of stock in its IPO, seeks $90 billion valuationMost of the shares would be issued by the company, while a smaller portion would be owned by investors cashing out, according to sources.
Source: BusinessInsider - 🏆 729. / 51 Read more »