Uber Shares Worth Buying?
Online taxi service Uber will make public the registration of the offering on Thursday. According to Reuters, Uber is seeking a valuation of $90-100 billion, even though recently in the private fundraising market some people suggested it to be only $76 billion. Just compare: in October 2018 Goldman Sachs and Morgan Stanley valued the company at $120 billion. Uber stocks will be available for sale in a New York Stock Exchange (NYSE) at the beginning of May.
Why is it important?
Lyft (Uber’s main rival) shares dropped from $72 to $67 on the first trading day. We can not deny that the same thing could happen to Uber. Buying the company's stocks could bring more risk than reward.