Received offer from Uber. Friends inside have conflicting opinion about IPO date, some say next year for sure and some say 2019 or later. What do you guys think?
Q4 2017
That's the earliest date I've heard. Any particular reason for your guess?
Inside info
2-3 years out but nobody really knows at all. The CEO will NEVER discuss the possibility or timeframe of an ipo in the company. Also beware the current value of the shares. Why would you want to leave G?
Thanks. It's about money really, want to be able to afford a house in the Bay. I realize the current valuation is quite high but my friends at uber seem to think it will just go higher.
Google does not pay you enough?
Add a year to the IPO date for employee lockup
2020 assuming growth continues, uber is able to figure out how to make money, and isnt crushed by google, ford, tesla etc.
😈
I'm expecting 2019, 2020 at the latest. Their 2015 funding round includes bonds that have their coupon rate increase if Uber doesn't go public within 4 years (as of 2015). "The convertible bond carries a coupon that increases over time if Uber hasn’t gone public within 4 years, the same people have said." Source: https://www.bloomberg.com/news/articles/2015-01-21/uber-said-to-raise-1-6-billion-in-convertible-debt-to-expand
Thanks for the info. The coupon is for the $1.6b raised, but rate not clear. I wonder if that would make a strong forcing function to IPO given they have raised do much more money since then. Any thoughts?
My guess is that this isn't the only type of similar deal they've done with these conditions. While true that the company could keep trying to raise money from private markets, it'd probably be harder and harder for it to raise the amounts they're asking for. $5-$10 billion incremental is not that easy on the private markets. They've already turned to the high yield markets for $2 Billion, at some point they need to IPO to pay back the bond itself. https://www.google.com/amp/www.theverge.com/platform/amp/2016/6/14/11936316/uber-leveraged-loan-two-billion-valuation-travis-kalanick?client=safari
As soon as VC funding stops.
That would be bad, from what I heard they have so much funding right now.
vc funding stopped for uber years ago no? they are forced to borrow from saudi princes as of late I thought
The numbers are too ugly and company simply can't IPO within two years imo. I think earliest possible is maybe Q3 2019. Add a year for lockup to that.
Take a look at the financials that have leaked, then ask yourself whether a company with those numbers has a chance at IPO in the near future.
any link to those leaked financials?
Have you read Snapchat's S-1?
Tell us the offer and we will let you know. If you got less than 5000 shares, why even bother to ask?
Yes agree. I love how the people that strategize and time their their stock sales are usually the ones that should be the last to worry. If you really do have less than 5000 shares, The companies on here collectively paid out more shares during the amount of time we took to answer your question.
Anyone who puts a date on here is purely guessing
I understand, but want to survey opinions. You guys should have a better intuition than most.