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Technology Stocks
Uber Technologies and Lyft Inc. IPOs
An SI Board Since March 2019
Posts SubjectMarks Bans Symbol
105 13 0 UBER
Emcee:  Glenn Petersen Type:  Moderated
Lyft Inc. filed its initial S-1 registration statement with the SEC on March 1, 2019. It previously filed a confidential statement on December 6, 2018. While the IPO has not yet been priced, the Wall Street Journal has reported that the company expects to be priced in the $20 to $25 billion range. The road show is expected to start during the week of March 18 and the IPO may occur before the end of March.

Uber filed a confidential registration statement on December 7, 2018. Its valuation has been pegged in the $120 billion range. The Uber IPO will probably be the largest - and the most controversial - IPO in the U.S. during 2019.

Uber and Lyft are the two largest ridesharing companies in the U.S., a market that Lyft describes as a "peer-to-peer marketplace for on-demand ridesharing." Uber, the poster child for the so-called "sharing economy," operates in about 70 countries and also has businesses in freight hauling, autonomous driving, food delivery, air taxis and artificial intelligence research. In contrast, Lyft is only available in the United States and Canada and has stayed tightly focused on its core ridesharing business. Both companies have focused on growth at the expense of profitability.

Lyft has benefited from a spate of scandals that rocked Uber in 2017, including allegations of sexual harassment made by its female employees, the resignation of its chief executive officer and its use of illicit software to deceive regulators. As a result, Lyft had a 39% share of the U.S. ridesharing market in 2018, up 17% in two years.

Uber SEC filings: Not available yet.

Lyft SEC filings: sec.gov

Uber website: uber.com

Lyft website: lyft.com

Two related SI boards:

Drones, Autonomous Vehicles and Flying Cars: Subject 59296

Among the biggest risks involved in the push to driverless cars is getting beaten in the race. The first companies to offer autonomous ride sharing “are expected to have long-term advantages compared with traditional non-autonomous ride sharing offerings,” Lyft says.

Peer-to-Peer, Gig, and On-Demand Economies: Subject 59463

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105Uber faces costly choices after expert finds it uses Waymo self-driving tech ReGlenn Petersen-November 8
104Uber stock falls after earnings beat estimates, but quarterly loss topped $1 bilGlenn Petersen-November 5
103Uber, After Going Public, Fights to Get Its Edge Back Dara Khosrowshahi, Uber’sGlenn Petersen-November 3
102Lyft stock rises after earnings beat, raising guidance for year October 30, 201Glenn Petersen-October 30
101Uber announces deeper push into financial services with Uber Money October 28, Glenn Petersen-October 28
100The first company to put large numbers of self-driving cars on the road stands tGlenn Petersen-October 18
99Uber Incubator launches to develop new products and services Megan Rose Dickey@Glenn Petersen1October 15
98[tweet]SI Ron (Soup Nazi)-October 4
97Uber launches a shift-work finder app, Uber Works, starting in Chicago Natasha Glenn Petersen-October 3
96Inside the new Uber: Weak coffee, vanishing perks and fast-deflating morale UbeGlenn Petersen-September 30
95Uber overhauls its app in ambitious bid to become ‘the operating system for yourGlenn Petersen1September 27
94Uber digs in its heels: Uber argues its drivers aren’t core to its business, woGlenn Petersen-September 12
93California Bill Makes App-Based Companies Treat Workers as Employees By KateGlenn Petersen-September 11
92Mike Isaac’s Uber Book Has Arrived By Leslie Berlin New York Times Published SeGlenn Petersen-September 9
91Older People Need Rides. Why Aren’t They Using Uber and Lyft? By Paula Span NeGlenn Petersen-August 22
90Uber shares slide after reporting disappointing quarterly results Published 5 hGlenn Petersen-August 8
89Lyft flat despite strong earnings report Published 5 hours agoUpdated 4 hours aGlenn Petersen-August 7
88I live far from SF but close to FB and Google.... and I find these cars clog theKirk ©-August 6
87How Much Traffic Do Uber and Lyft Cause? Laura Bliss CityLab 9:00 AM ET A neGlenn Petersen-August 5
86Uber lays off 400 as cost-cutting efforts ramp up Kirsten Korosec@kirstenkoroseGlenn Petersen-July 29
85Uber Talks With European Supermarkets About Grocery Delivery By Ellen MilliganGlenn Petersen-July 26
84Uber tests monthly subscription that combines Eats, rides, bikes and scooters MGlenn Petersen-July 22
83Waymo makes autonomous vehicles available to Lyft riders CNBC.com Published ThuGlenn Petersen-June 28
82Uber picks Melbourne as test site for flying taxi service Reuters June 11, 2019Glenn Petersen-June 12
81Uber Wants Your Next Big Mac to Be Delivered by Drone The company aims to startGlenn Petersen1June 12
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