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Anyone buying Uber? Today is release day for Uber IPO

  • Last Updated:
  • May 16th, 2019 3:23 pm
[OP]
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Jun 1, 2006
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Anyone buying Uber? Today is release day for Uber IPO

So, anyone buying Uber today? If someone was to buy it , should they buy right away or see where the dust settle. For comparison, Lyft has collapsed since its IPO.
Have a nice day!


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Jan 19, 2007
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They will ring the NYSE bell at the low range $45, which should tell you that the roadshow was less than stellar
There a few articles that talk on timing: https://www.businessinsider.com/uber-ip ... ime-2019-5

Some pop will happen but in my view will be short lived - their financials are a mess and Lyft already set the expectations, that business that ride innovation (but unproven to make money for number of years), are hardly an appeal for big-dollar investors.
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LonesomeDove wrote: So, anyone buying Uber today? If someone was to buy it , should they buy right away or see where the dust settle. For comparison, Lyft has collapsed since its IPO.
Should or shouldn't. If you are a gambler go right ahead. The smart money sells as a part of the IPO not buys!
Einstein: Imagination is more important than knowledge.

Economists have predicted 18 of the last 4 recessions

S&P500 Annual Returns (not inflation adj'd, divs reinvested) by Yr/%: 5/11.29, 10/13.31, 15/8.89, 20/6.06, 30/9.90, 40/11.69, 50/10.5
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Is it today? Don't see any activity
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Jun 27, 2007
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bot the open @42
small position - margin is 100%
It's easy to grin when your ship comes in and you've got the stock market beat.
But the man worthwhile is the man who can smile when his shorts are too tight in the seat 😃
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Dec 26, 2010
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We live in strange times where people will buy a company that loses roughly a billion a quarter and doesn't know how to make profit.
Indexer, non-yield chasing, low cost, broad based, as simple as possible investor.
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Apr 25, 2006
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wm009 wrote: We live in strange times where people will buy a company that loses roughly a billion a quarter and doesn't know how to make profit.
generating revenue is what counts and will be profitable when the continue scaling.

However, the model of losing money per ride to try and compete with Lyft is a competition of who has a bigger wallet. Seems like losing money is a strategy these days.
"If you make a mistake but then change your ways, it is like never having made a mistake at all" - Confucius
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Jun 28, 2018
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1xTiMeR wrote: generating revenue is what counts and will be profitable when the continue scaling.

However, the model of losing money per ride to try and compete with Lyft is a competition of who has a bigger wallet. Seems like losing money is a strategy these days.
I think they've already shown they have scaled, but still can't make it to profitability. Not to mention different parts of the world have grown wise to their skirting local laws and labour rights and have even thankfully restricted/banned them from operating.
The Distracted Investor

Dividends through quality companies 😃 Though I usually lose money with trades :facepalm:
[OP]
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Jun 1, 2006
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The results are in for day 1:

IPO price - $45
Opening price - $42
Closing price - $41.57
Volume - 185 Million shares traded

Not on fire, but not that disastrous Time will tell where the price go.
Have a nice day!


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Feb 24, 2008
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made $300 today...wasnt worth my time
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johnnychi wrote: I think they've already shown they have scaled, but still can't make it to profitability. Not to mention different parts of the world have grown wise to their skirting local laws and labour rights and have even thankfully restricted/banned them from operating.
Yes - very astute few observations.

There's a difference between a business that is multi-domestic and a global business. In my view Uber is the former - every country needs a new land-drop with a local people to operate the business, high-touch stand-up with local legislation, social push-back and lobbying/social relations.. Even probably the software needs fair amount of customization to catch some of that.

Btw ...not that different that AirBnB or whoever still remembers GroupOn - I therefore consider actually Lyft to be a better position for investors to make a buck. At least it's focused on English-speaking countries and does not tussle with Indian and Chinese mastodons.
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mau_mau wrote: made $300 today...wasnt worth my time

How much time did you spend making $300 on Uber?
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mau_mau wrote: made $300 today...wasnt worth my time
At great risk, you forgot to add... Might as well go to the casino.
Einstein: Imagination is more important than knowledge.

Economists have predicted 18 of the last 4 recessions

S&P500 Annual Returns (not inflation adj'd, divs reinvested) by Yr/%: 5/11.29, 10/13.31, 15/8.89, 20/6.06, 30/9.90, 40/11.69, 50/10.5

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