The Moment Traders have been waiting for since Uber began its disruption of the transportation industry back in 2009 is finally here! Ride-hailing giant Uber is finally going public and analysts the world over are expecting it to be the biggest IPO of 2019, as well as one of the top ten US IPOs of all time!
Uber around the globe
Uber currently boasts a presence in 65 countries and over 600 cities worldwide, with over 15 million Uber rides being made possible each day by an army of over 3 million Uber drivers. The company was valued at $72 billion in 2018 and the expectation to raise a further $9 billion from this upcoming share sale.
In 2018 alone, it already raised $6 billion of that, leaving investors confident of hitting another round of $7 billion in valuation.
With Uber’s fleet of cars raking in astronomical profits and the infrastructure in place for further growth, the $3 billion valuations are really just a reflection of the underlying value of the company and its market leadership in so many countries.
To take the $3 billion valuations at face value, Uber would have to add somewhere around 7.
On the eve of the IPO, it got rumoured that there is three times the demand for the available shares, so markets moment traders are waiting with bated breath for what could be one of the most exciting trading days of 2019.
In EverFX our traders are our priority
At EverFX, we make sure that our traders always remain in the thick of the action, no matter what the market or asset class.
We have ensured that all of our clients will be able to trade this stock as and when live price quotes start streaming from the New York Stock Exchange on Friday the 10th of May. It’s shaping up to be an incredible day of trading; we’d like to wish all of you happy trading and good fortune!
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