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Uber IPO Update

Here’s the latest on the Uber IPO:

  • Uber IPO is still  expected in 2019.
  • CEO Dara Khosrowshahi reiterated the above plan just this month saying that achieving profitability is not a pre-requisite for an IPO but a demonstrating a clear pathway to profitability and strong cash generation is important.
  • The company is still looking for a CFO which is critical for the IPO.
  • Uber has not yet decided whether they will be listed on the NYSE or NASDAQ
  • Ticker symbol – not known yet but all expectations are that it will be UBER.
  • When the time comes, this is where you can buy Uber stock.

 

In the meantime, we have a stock list with over 110 interesting companies.  Most recent additions are Netflix, Twitter, and Spotify.  Check out our stock list.

 

 

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