The U.S. initial public offering market is entering its biggest week since 2015, with at least 15 deals expected to be priced, including that of Uber, the biggest IPO since Alibaba BABA, -3.57% in 2014 and the biggest U.S. company deal since Facebook FB, -0.81% in 2012.
Lyft’s numbers are not the only event expected to influence the Uber IPO. Uber and Lyft drivers are planning a strike from 7 a.m. to 9 a.m. on Wednesday to protest their wages, their treatment as independent contractors rather than employees, and the lack of regulation governing the new sector. Analysts have been comparing the two competitors ahead of the Uber deal, as MarketWatch’s Emily Bary reported. Wedbush’s Ygal Arounian recently declared his preference for Uber because its robust platform and logistics expertise reminded him of a younger Amazon.com Inc.
The second biggest deal on tap is from Virginia-based Parsons Corp., a defense technology company that is aiming to raise $500 million. Parsons is owned by its more than 15,000 employees through an employee stock ownership plan, or ESOP. The ESOP took it private back in 1984. Proceeds of that deal will be used to pay an IPO dividend and to repay debt.
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