IFB103: Our Thoughts on the Uber IPO

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Dave:                                    00:39                     All
right folks, we’re welcome to Investing for Beginners podcast, this is episode
103 tonight. Andrew and I are going to talk about IPOs, uh, with the upcoming
Uber IPO on the horizon. It’s going to begin here very shortly. Uh, Andrew and
I thought it would be apropos for us to talk a little bit about IPOs and a
little bit about Uber and just kind of our general thoughts about how this will
work, what we think is a good investment and so on. So Andrew wants to go ahead
and take your first stab at this, and then we’ll have a little conversation
about it.



Andrew:                              01:12                     Okay.
I want to, so I guess to overview on the Uber IPO and then maybe we can talk
about IPO is in general. So based on or recording this the day of their IPO. So
it’s happening kind of in real time as we’re talking. They, some people, there
are huge expectations for this. Lyft had an IPO very recently. Some people, I
don’t know where they got this idea, but some people were thinking the Uber
with IPO at like a hundred billion market cap. Um, I read, I read 120 billion.
Like where, where do they, they just like put a bunch of numbers in a hat and
Oh, 120 sounds nice. And that’s what they decide. I don’t; I don’t get it at
all.







Andrew:                              02:01                     The
what ended up happening was 8.1 billion as of today as well. I’m seeing, uh,
they’re saying Facebook raise like 16 visas raised 18 and 2008 and Ali Baba
raised 25 billion to 2014. So to put that in perspective,