ipo valuation: We're not surprised, and we won't be surprised if Uber's UBER, 0.00% valuation falls even further, according to Market Watch. Anything above a valuation of around 20 billion is a rip-off and makes no sense. Lowering the anticipated IPO valuation from a rumored 100 billion to between 80 billion and 90 billion means investors are not buying the pitch as well as hoped. Whether before or after the initial offering, the valuation of this stock will likely fall hard and fast. Frankly, we're surprised the jig isn't up for Lyft LYFT, -1.76% and Uber given that neither, in their public filings, even attempt to explain how they will ever make money. As soon as markets wise up to the fact that this deal is nothing more than a mechanism to dump a terribly overpriced private company onto unsuspecting pubic investors, look out below.
(news.financializer.com). As
reported in the news.
Tagged under ipo valuation, uber topics.