On Thursday, we learned Store Archived Paper for an Inaugural Public Offer, which was due to take place in 2019, and on Friday night, some “people familiar with their plans” said the Wall Street Journal hailing rival Uber. According to New York Times Uber also submitted its paperwork with the SEC on Thursday, which means that both companies will compete for those who can get their shares on the market first. Ever since Travis Kalanick was replaced last year, the company has been a major consideration for CEO Dara Khosrowshahi through its IPO, and this news means that it may happen earlier than previously expected and move it from mid-end of 201
9 to the first quarter of the year.
These transportation applications have seen some of the biggest growth lately, but they are not the only technical companies that are preparing to become public, with others like Slack and Airbnb potentially in line.
Companies have similar incentives with employees and investors waiting to pay in, among concerns about a possible recession and the question of both being reportedly unprofitable. Bankers have estimated that Uber’s IPO value amounted to $ 120 billion, well over $ 72 billion estimates from its last round of funding so you can see why they would like to beat.