Uber IPO Date Could Be Delayed - But You Can Make Money Now

uber ipo date logo

uber ipo date logoHalfway through the year and still no clear timeline on when to expect an Uber IPO date - but you can still start to make money on this year's best new tech stocks...

During the first part of 2015, investors expected that an Uber IPO would be the year's hottest tech offering. Comparisons to the 2014 Alibaba IPO were everywhere.

Their optimism was amply justified by Uber's meteoric growth.

In the first quarter of 2015, business spending on Uber accounted for 46% of the entire transportation market - more than three times higher than Uber's Q1 2014 share of 15%.

Betanews reports that Uber celebrated its fifth anniversary by announcing that more than 1,000,000 drivers have worked for it and that it is adding "hundreds of thousands" of new drivers every month,

A December 2014 funding round raised $1.2 billion for the company, bringing its valuation to $41 billion, and more recent estimates place the company's valuation at $50 billion.

Unfortunately, riding along with all that growth is a growing list of setbacks and problems for the ride-hailing giant.

Taxi industries, legislators, and regulators in various cities around the world allege that Uber fails to meet mandated licensing and safety requirements. Some riders have reported dangerous and even violent acts by drivers. Uber also faces increasing competition from Lyft.

But the biggest problem that could derail an Uber IPO today is the growing list of cities and countries that have either banned Uber or suspended its services.

To date the service has been halted or restricted in at least eight American cities as well as in India, Germany, The Netherlands, Thailand, South Korea, and other countries.

In some cases the company has chosen to sideline its operations until regulators sort out how to treat the upstart service.

The consensus view is that an Uber IPO is in the offing - just not yet.

Fortunately, when it comes to 2015 tech IPOs, there are plenty of fish in the sea - take a look...

The Bulls Are Running Even Without an Uber IPO

As the market waits for an Uber IPO, it continues to push toward new highs nearly every week. Investors wonder how long the bull will keep running.

The answer is simple: The bull will run for as long as fresh cash keeps feeding it.

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And judging by the way the 2015 IPOs are shaping up, it's safe to say you should look for the bull to keep running through most of the year.

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After a slow first quarter, we've already seen some notable 2015 IPOs - GoDaddy Inc. (NYSE: GDDY) raised $460 million and is valued at more than $4 billion. We also saw healthcare analytics company Inovalon Holdings Inc. (Nasdaq: INOV) raise $600 million on Feb. 12, selling 22.2 million shares at $27.

Another high-profile offering came from Etsy (Nasdaq: ETSY), which went public on April 16.

The Brooklyn-based e-commerce website, which specializes in hand-crafted goods, saw its stock climb 119% on the day it launched, going from the $16 IPO price to a high of $34.54. The company raised $266.66 million

And as exciting as those 2015 IPOs are, the best is yet to come.

According Business Wire, in a recent survey of investment bank executives, fully 78% are forecasting that IPO activity in 2015 will either match 2014 (35%) or exceed 2014 (43%). The report added:

"In terms of how individual industries will fair in 2015, close to three quarters (73%) of those in the investment banking community are predicting an increase in offerings from the technology industry and better than two-thirds are forecasting an increase in IPOs in biotech (69%)."

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Merely equaling last year's performance would still make 2015 a benchmark season for tech IPOs. After all, 2014 saw more IPOs than any year since the height of the dot-com era in 2000.

On deck for 2015 tech IPOs are the following companies...

2015 IPOs in Tech to Watch

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2015 IPOs to Watch, No. 1: Airbnb Inc., a social networking service allowing users to rent real estate properties. Airbnb has raised about $800 million and is currently valued at $10 billion. But the valuation could jump to $13 billion after the company's next round of funding.

2015 IPOs to Watch, No. 2: Dropbox, a file hosting service that offers online cloud storage software. After raising $350 million in its January funding round, Dropbox is reportedly valued at $10 billion.

2015 IPOs to Watch, No. 3: Valued at $6 billion, Square Inc. offers mobile payment readers that allow anyone to accept credit cards on their Apple or Android devices.

New "How to Profit from IPOs" Release: Money Morning technology expert - and editor of our free tech-focused site Strategic Tech Investor - Michael Robinson has just completed a new investor briefing that spells out the best way to make money off 2015 tech IPOs.

In it you'll discover the three major catalysts driving 2015 IPOs. You'll also get Michael's "Four Rules for IPO Investing."

And best of all, you'll get Michael's recommendation for the best money-making IPO play to make right now. Click Here to access this investor briefing right away.

For more profit tips, follow us on Twitter @moneymorning.

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