The most anticipated IPO in years is almost here. Ridesharing giant Uber (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. Continue reading on Forbes.
Notes On This Article
Will this mark the top of the venture market? To me, it represents the broader crowding out of the public market. I’m sure (most) the VC’s will make money; I wouldn’t touch it with a 10-foot pole. Regardless, this article by David Trainer is great read, slamming the fundamentals of UBER’s valuations.