10/19/18

Uber Uber Uber alles

The hype has begun on the Uber 2019 IPO – initial public offering of stock.

A Wall Street Journal article suggests that underwriters are whispering that the number is $120B – $120,000,000,000.

Of course, this is what’s called the “courtship” proposal — guys (the usual suspects Morgan Stanley, Goldman Sachs) looking for the assignment telling the prospective client what they want to hear to get the job; still it is a huge number.

Uber CEO Dara Khosrowshahi has said the company is aiming for an IPO in the second half of 2019.

New CEO, Dara Khosrowshahi, likes the big number and says, “Bring it.”

Why does this trouble you, Big Red Car, you ask? Let me tell you.

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