Share This Article

Facebook LinkedIn
Twitter Reddit
Print Email
Pinterest Gmail
Yahoo
Money Morning
×
  • Invest
    • Best Stocks to Buy
    • Stock Forecasts
    • Stocks to Sell Now
    • Stock Market Predictions
    • Technology Stocks
    • Best REITs to Buy Now
    • IPO Stocks
    • Penny Stocks
    • Dividend Stocks
    • Cryptocurrencies
    • Cannabis Investing
    • AI Investing
  • Trade
    • How to Trade Options
    • Best Trades to Make Now
    • Options Trading Strategies
    • Weekly Trade Recommendations
  • Retire
    • Income Investing Guide
    • Retirement Articles
  • More
    • Money Morning LIVE
    • Special Investing Reports
    • Our ELetters
    • Our Premium Services
    • Videos
    • Meet Our Experts
    • Profit Academy
    • Postcards
Login Archives Your Team About Us FAQ
  • Invest
    • Best Stocks to Buy
    • Stock Forecasts
    • Stocks to Sell Now
    • Stock Market Predictions
    • Technology Stocks
    • Best REITs to Buy Now
    • IPO Stocks
    • Penny Stocks
    • Dividend Stocks
    • Cryptocurrencies
    • Cannabis Investing
    • AI Investing
    ×
  • Trade
    • How to Trade Options
    • Best Trades to Make Now
    • Options Trading Strategies
    • Weekly Trade Recommendations
    ×
  • Retire
    • Income Investing Guide
    • Retirement Articles
    ×
  • More
    • Money Morning LIVE
    • Special Investing Reports
    • Our ELetters
    • Our Premium Services
    • Videos
    • Meet Our Experts
    • Profit Academy
    • Postcards
    ×
  • Subscribe
Enter stock ticker or keyword
×
Join 100,000+ Like-Minded Investors Today
Twitter
Tags: IPOs

Will Uber Stock Debut in 2017?

By Diane Alter, Contributing Writer, Money Morning • November 21, 2016

Start the conversation

Leave a Reply Click here to cancel reply.

You must be logged in to post a comment.

Uber stockUber stock is not yet traded publicly, but when the company holds an IPO, it will be one of the biggest financial stories of the year.

Still, the company has remained quiet on any Uber IPO details. Right now, there's no Uber IPO date in sight.

In fact, in an Oct. 19 interview with Vanity Fair, Uber CEO Travis Kalanick said not to expect the eventual Uber IPO any time soon.

"It's the ninth grade," Kalanick said at the New Establishment Summit in San Francisco. "It's not time to go to prom yet."

But undeniably, an Uber IPO will come around eventually.

Uber is the company behind a location-based app for hiring a personal driver. Many find the app easier and more convenient than hailing a taxi. Users can hire a private driver to pick them up and take them to their destination with their smartphone. Drivers arrive in minutes.

Uber has totally disrupted the way people around the world now get from one place to another.

The company has 40 million monthly active paying riders. Drivers make between $1.5 billion and $2 billion in total each month. Roughly 20% of all Uber rides globally are booked with UberPool, the company's carpooling service. In the first six months of 2016, Uber said it completed 1 billion rides. That doubled its lifetime total to 2 billion since March 2009.

That's not the only thing it has been racking up...

Why Uber Stock Has Not Come to Market Yet

Since its founding in 2009, the ride-hailing company has raised $8.71 billion in funding. The latest infusion of cash was reported in June. That's when Uber received $3.5 billion from Saudi Arabia's sovereign wealth fund.

That funding helped push Uber's current market valuation to an astounding $68 billion. That makes Uber the world's most valuable private company.

Kalanick continually says the company is investing in growth and expansion.

Uber's swelling market valuation, and the recent IPO filing from another prominent startup, has investors clamoring for news of an Uber IPO.

Last week, Snap Inc. quietly filed paperwork for an IPO.

Snap is the parent company of Snapchat, a mobile app that allows users to send videos and pictures that vanish after a few seconds of a person viewing them. Snap is expected to go public in Q1 2017 with a market value upwards of $25 billion. That would make it the biggest tech IPO since Alibaba Group Holding Ltd. (NYSE: BABA) debuted in 2014 with a $168 billion valuation.

Kalanick wants to hold off on an Uber IPO as long as possible. He told CNBC earlier this year that he is going to make sure "it happens as late as possible."

Yet escalating competition and growth that will inevitably slow might mean investors see an Uber IPO sooner rather than later. Continue to check back at Money Morning for frequent updates on the Uber IPO. And in the meantime, here is our complete guide to investing in Uber stock...

Follow us on Twitter @moneymorning and like us on Facebook.

Related Articles:

  • Vanity Fair: Travis Kalanick Reveals I.P.O Plans
  • The Street: Will Uber Ever IPO?-Tech Roundup
  • Zacks: Will Uber Be the Hottest IPO of 2017?

Here Are 10 “One-Click” Ways to Earn 10% or Better on Your Money Every Quarter

Appreciation is great, but it’s possible to get even more out of the shares you own. A lot more: you can easily beat inflation and collect regular income to spare. There are no complicated trades to put on, no high-level options clearances necessary. In fact, you can do this with a couple of mouse clicks – passive income redefined. Click here for the report…

Claim My Free Report

Subscribe
Login
Notify of
guest

guest

0 Comments
Inline Feedbacks
View all comments


Latest News

October 2, 2023 • By Shah Gilani

earnings
What to Watch for This Week as Markets Continue to Struggle

September 30, 2023 • By Garrett Baldwin

Postcards: The Only Voice That Matters This Week

September 30, 2023 • By Garrett Baldwin

Other Peoples' Kids, Icebreaker Stocks, and the Comedy of the Fed
Trending Stories
ABOUT MONEY MORNING

Money Morning gives you access to a team of market experts with more than 250 years of combined investing experience – for free. Our experts – who have appeared on FOXBusiness, CNBC, NPR, and BloombergTV – deliver daily investing tips and stock picks, provide analysis with actions to take, and answer your biggest market questions. Our goal is to help our millions of e-newsletter subscribers and Moneymorning.com visitors become smarter, more confident investors.

QUICK LINKS
About Us COVID-19 Announcements How Money Morning Works FAQs Contact Us Search Article Archive Forgot Username/Password Archives Profit Academy Research Your Team Videos Text Messaging Terms of Use
FREE NEWSLETTERS
Total Wealth Research Power Profit Trades Penny Hawk Midday Momentum
PREMIUM SERVICES
Money Map Press Home Money Map Report Fast Fortune Club Weekly Cash Clock Microcurrency Trader Hyperdrive Portfolio Rocket Wealth Initiative Quantum Data Profits Flashpoint Trader Darknet Alpha Accelerators Brutus Alerts Resource Traders Alliance L.A.U.N.C.H. Investor Rob Roy Trader Long-Term Equity Profits

© 2023 Money Morning All Rights Reserved. Protected by copyright of the United States and international treaties. Any reproduction, copying, or redistribution (electronic or otherwise, including the world wide web), of content from this webpage, in whole or in part, is strictly prohibited without the express written permission of Money Morning.

Address: 1125 N Charles St. | Baltimore, MD, 21201 | USA | Phone: 888.384.8339 | Disclaimer | Sitemap | Privacy Policy | Whitelist Us | Do Not Sell or Share My Personal Information

wpDiscuz