Will Uber Be the Hottest IPO of 2017?
by Madeleine Johnson
April 10, 2017
Despite these controversies, investors are eagerly awaiting an Uber IPO. Many have believed, or hoped, the company would go public for a few years now, but Mr. Kalanick wants “to make sure [an IPO] happens as late as possible,” said in an interview with CNBC last year.
If and when Uber finally decides to go public, its potential would depend on the broader IPO market and economic environment. According to Renaissance Capital, IPOs only raised a paltry $18.9 billion in 2016, with annual proceeds falling to the lowest level since 2003. Just four companies filed public offerings that grossed over $1 billion.
Looking ahead, it’s difficult to pinpoint how busy the IPO market will be this year. Snap Inc. (SNAP - Free Report) , the parent company of Snapchat, finally made that giant step last month, but it’s hard to say what, and if any, other high-profile unicorns—i.e. Spotify, Pinterest, Airbnb, and yes, Uber—will follow. And recent high-growth IPOs like Twilio Inc. (TWLO - Free Report) and Nutanix (NTNX - Free Report) have traded strongly since their debut, a good sign for tech companies everywhere looking to make their trading debut.
How Might Uber Perform?
An IPO for Uber could be massive for both the company and Wall Street. It’s currently valued at $68 billion after a total of nine rounds of funding worth $12.9 billion since its launch. And thanks to Uber’s structure—a unique combination of transportation company, mobile Internet company, and real world engineering—the company has been touted as one of the best future IPOs.
It’s IPO, then, could go either way, but let one number stay in your mind: $68 billion. Let me write that again: $68 billion. This number is a hard one to forget, and a figure that will be on the forefront of many investors’ minds come the time of its public offering, as it impressively showcases just how far this startup has come in a few short years.
Now That Snapchat is Public, Which Tech Giant Could IPO Next?
You may be curious about the buzz surrounding Snap’s IPO, but should you buy up this tech stock? In the 2017 IPO Watch List, you'll get an inside look at Snap's exciting prospects and potential challenges.
> more: https://www.zacks.co...est-ipo-of-2017