The S-1 of much anticipated Uber IPO is publicly available for the first time.
The valuation is said to be $90-100 billion, lower than previously reported.
That is also the reason that Lyft’s valuation is under pressure these days. It all makes that Lyft and Morgan Stanley have something to argue about… Lyft’s high valuation at IPO makes it difficult for Morgan Stanley and other banks to sell Uber. (and the pressure is much higher in such a big deal – $10 billion)
So relatively speaking, how much “higher” is Lyft valued?
- Uber adjusted ebitda -1.85 billion vs. Lyft -944 million, ~2x
- Uber revenue 11.27 billion vs. Lyft 2.16 billion, ~5x
- Uber total trips 5.2 billion vs. Lyft 619 million, ~8x