What Uber’s Disappointing IPO Means for Other Tech IPOs This Year

Uber’s (UBER) disappointing initial public offering on Friday may be good reason for other tech companies going public this year to be concerned.

The ride-hailing company priced its shares at $45 per share, raising $8.1 billion and giving it a valuation of over $82 billion. It ended Friday 7.6% lower at $41.57 per share — a disappointing Wall Street debut for the most highly anticipated tech IPO of the year despite Uber’s relatively conservative approach with its IPO pricing.

Although at least 10 companies this year went public and opened lower than their IPO prices, Uber was the first company ever with a $4 billion-plus offering to do so, according to data provided by Dealogic.

Read the full article here.

previous post Back to Articles next post

09 May 2023

DynamicsCon LIVE Conference Information

martinwolf will be attending the DynamicsCon LIVE conference in Scottsdale May 22-25. Book a confidential one-on-one meeting with Michael Rosholt to learn about market trends, current valuations, and how to prepare for a sale.    DynamicsCon attendees are also eligible for a complementary M&A Readiness Scorecard from martinwolf.   Contact Michael Rosholt at mrosholt@martinwolf.com to...

22 Feb 2023

How Microsoft Channel Partners Can Command High Valuations

In today’s rapidly changing ecosystem, simple organic growth doesn’t give Microsoft Channel Partners long-term competitive advantage.   During the last five years, Microsoft Channel Partners have commanded high valuations due to strong and sustainable business models, as well as a track record of profitability. Most were small mid-market businesses that had to decide to be...

31 Jan 2023

Rising Interest Rates Chill Private Equity Pace

After a year of strength on the private equity front, 2022 is now in the rearview mirror and industry professionals anticipate a downgrade in performance for the coming year.   Despite the fluctuations of the past few years, private equity has withstood the challenges relatively well. However, in certain areas such as exit activity and...