Uber Releases more Information on its 2019 IPO Uber Technologies Inc. has selected Morgan Stanley to lead its public offering next year. CENTRAL, HONG KONG, HONG KONG, December 12, 2018 /EINPresswire.com/ -- This is according to two people familiar with the matter, meaning the investment bank will reap a larger share of the fees associated with a listing valuing the company at as much as $120 billion. It’s another big win for Morgan Stanley banker Michael Grimes, who has become the go-to adviser for many of Silicon Valley’s largest IPOs. Goldman Sachs Group is also expected to play a role in shepherding Uber through the IPO process, according to the people, who asked not to be identified because the decision hasn’t been made public. Morgan Stanley declined to comment. Goldman Sachs didn’t respond to a request for comment. "Uber is one of the most anticipated IPO's expected for 2019, along with Lyft, we will see exactly how retail investors feel about the … [Read more...] about Altrice Investment Co. Limited – Uber IPO Update
Lyft ipo
Lyft IPO could arrive in early 2019 as company files plan to go public with SEC
SAN FRANCISCO — Lyft is another step closer to becoming a publicly traded company. The San Francisco-headquartered ride-sharing service said Thursday that it confidentially submitted a draft registration statement for an initial public offering of shares with the Securities and Exchange Commission. The number of shares to be offered and the price range for the proposed offering have not yet been determined. The company was valued at just over $15 billion earlier this year. Uber, Lyft's fiercest competitor, is planning its own IPO next year. It's well documented problems have left it vulnerable to challenger Lyft. Uber's attempt to develop self-driving cars have also been bogged down during the past year amid allegations that it stole technology from a Google spinoff, as well as a fatal collision involving one of its robotic cars. Both companies have been diversifying in an attempt to provide whatever sort of transportation people might want. Last month, Lyft completed its … [Read more...] about Lyft IPO could arrive in early 2019 as company files plan to go public with SEC
JPMorgan Chase is in talks to lead Lyft’s IPO
JPMorgan Chase is in talks about leading Lyft’s upcoming initial public offering as an underwriter, after rivals Goldman Sachs and Morgan Stanley decided not to pursue such a role out of loyalty to another IPO hopeful, Lyft’s larger competitor Uber, according to people familiar with the matter. The move illustrates the calculations that often inform the pursuit of such mandates by the world’s biggest investment banks. Goldman Sachs and Morgan Stanley have helped ride-sharing company Uber raise money in the past, and are in pole position to secure top roles in its IPO, the sources said. Reuters first reported last year that Lyft was seeking to hire an IPO adviser that would help it select underwriters and coordinate the process. Since then, Lyft has hired IPO advisory firm Class V Group LLC, and is eyeing a stock market flotation sometime in 2019, according to the sources. Uber has also said it is aiming for an IPO in 2019, though it is further behind in its … [Read more...] about JPMorgan Chase is in talks to lead Lyft’s IPO
Coming wave of big IPOs could enrich early backers, and prime the pump for startups
SAN FRANCISCO — Jason Pressman spent the morning cheering from the balcony of the New York Stock Exchange earlier this month as shares of the software firm Zuora, which he backed in 2008, began trading. By the market’s close, Zuora’s stock had soared 43 percent, making his venture-capital firm’s $17 million investment in the company worth roughly $150 million. “Not bad at all,” Pressman said by phone that night, before heading to a celebratory dinner with about 60 people at a pricey Italian restaurant in the Chelsea section of Manhattan. Pressman, a venture capitalist at Shasta Ventures, said he had been up much of the night before but still expected to raise a few glasses. “I’m running a little bit on adrenaline.” Pressman and many other Silicon Valley venture capitalists expect the windfalls to continue. Many of these investors, who back tiny startups with the hope that they will someday go public or be sold for nine- or 10-figure … [Read more...] about Coming wave of big IPOs could enrich early backers, and prime the pump for startups
IPO wave is coming, and investors spy a payday
By Jack Nicas Published 3:20 pm, Wednesday, April 18, 2018 window._taboola = window._taboola || []; _taboola.push({ mode: 'thumbnails-c', container: 'taboola-interstitial-gallery-thumbnails-3', placement: 'Interstitial Gallery Thumbnails 3', target_type: 'mix' }); _taboola.push({flush: true}); Photo: Peter Earl McCollough / New York Times 2015 Image 1of/3 CaptionClose Image 1 of 3 Venture capitalist Bill Gurley is one of the biggest investors in Uber. Venture capitalist Bill Gurley is one of the biggest investors in Uber. Photo: Peter Earl McCollough / New York Times 2015 Image 2 of 3 Venture capitalist Steve Anderson, at his office in San Francisco, was among the backers of Stitch Fix. Venture capitalist Steve Anderson, at his office in San Francisco, was among the backers of Stitch Fix. … [Read more...] about IPO wave is coming, and investors spy a payday