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https://seekingalpha.com/article/4256252-ubers-ipo-valuation-makes-sense.
Summary
The most anticipated IPO in years is almost here. Ridesharing giant Uber filed its preliminary S-1 on Thursday, April 11, and it will reportedly begin trading in May.
While the company has not yet provided pricing details, it is rumored to be seeking a valuation of ~$100 billion.
In almost every respect, Uber looks even more dangerous than Lyft, which is already down 20% from its overvalued IPO price.
Summary
The most anticipated IPO in years is almost here. Ridesharing giant Uber filed its preliminary S-1 on Thursday, April 11, and it will reportedly begin trading in May.
While the company has not yet provided pricing details, it is rumored to be seeking a valuation of ~$100 billion.
In almost every respect, Uber looks even more dangerous than Lyft, which is already down 20% from its overvalued IPO price.
