Uber's IPO could be the next big thing. Here's how
Uber Technologies’ initial public offering valuation will—only—be about $85 billion, making the startup worth more than any publicly traded automotive company in the world except Toyota.
It could be Lyft , Uber’s publicly traded rival. Lyft stock is down 21% from its $72 IPO price and 35% below where the stock opened for trading on March 29. In a filing Friday, Uber said it expects to price the stock at between $44 and $50. A 5-fold move in Uber stock from $50 would make the shares worth $250, or about $465 billion. And at that level, it would earn about $9 billion a year, or $5 a share, if it traded at the same price relative to its earnings as Amazon.The key is for Uber to capture more of its gross bookings—the money spent on its ride-hailing platform—as sales. Today, the majority of a rider’s fare is passed through to the driver.
The $50 billion is the number that matters to consumers too. It works out to about $1.90 a mile, more than the dollar or so commuters pay to own and operate their own vehicles.
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