UBER IPO Tomorrow will it Explode? – RICH TV LIVE – MAY 9, 2019 – Uber has reached a settlement with tens of thousands of its drivers in the United States over their employment status.
Good morning good afternoon good evening this is rich from rich tv live i am your captain speaking and today i wanted to talk to you about uber so i go into my tv direct investing dashboard today i sign in and it has an alert that says uber ipo tomorrow all orders that go in will not be executed until the stock starts to trade so i believe that the uber ipo tomorrow
Is going to be very exciting there’s gonna be a lot of interest in it however we’ve already seen the lyft ipo come out and be a massive disaster right we’ve seen snapchat come out and be a massive disaster so there are some examples of ipos that have been very very big failures okay there’s also examples of appeals that have done very very well the symbol will be
You ber u ber uber so the symbol will be you ber and the ipo is tomorrow i want to know if you guys think it’s gonna be a success do you guys think that uber ipo will be a success do you think it’ll be a winner do you think it’ll be a loser i want to know what you guys think please comment down below in the comment section and i would love to know if you guys will
Be investing in uber if you think it’s going to be a successful ipo i want to know uber is to price its ipo at roughly 90 billion evaluation according to wall street journal down from a previous estimate of well over 100 billion lyft shares surged to $88 on its ipo day and are now trading at roughly $53 six weeks later so i’d love to know what you guys think if
You guys think it’s gonna be a successful ipo you know what’s up lucas what price is it gonna be ipo yet does anybody know does anybody know what prices can i peel that i’d love to know if you guys know the price it’s gonna i pos christopher says christopher doyle says staying away i’m in the cannabis sector hey listen that everybody has their own game plan so if
You’re in the cannabis sector of christopher doyle you know what you know i love the cannabis sector too but uber is a very hot topic it’s a new ipo it’s a huge company it could essentially it has changed the world as far as taxi cab driving rides it’s just essentially change the world right so good morning awake all you nations so uber has the potential to be big
But the issue that i have with uber is that i’ve heard it has massive losses so i just don’t know we’re trying to figure out what the price is gonna be does anybody know what price it’s gonna come out at or have an estimate of the price i’d love to know if anybody has that now based on what happened with lift lift has been pretty much a disaster since its ipo $36
Per share $36 of sharing interesting that doesn’t seem too high for uber though does anybody know how many shares will be ashamed outstanding i hope to learn more about wilbur why is there not more information about her uber technologies inc has enough investor demand to price its initial public offering at the top end of its price range people familiar with
The matter said with more than 48 hours to go before the ride-hailing giant’s ipo is expected to price investors have put in orders for at least three times the amount of stock on offer whoa the people said asking not to be identified as the details aren’t public still uber is expecting to price the sale within its existing range as it is keen to ensure strong
After market trading for the stock they said wow this could explode guys lucas you shorted an sp 500 etf are you winning did you just short out of your normal account or do you need a special account to short wow thank you guys for the four likes i really appreciate it guys i’ve only shorted a few times uber’s share sale which could raise as much as nine billion
Is likely to be the largest this year and one of the 10 biggest us listings ever according to data compiled by bloomberg whoa the san francisco based company which is due to price it shares thursday has made a final decision on the price at which they’ll be sold the people said the market environment could also impact the final price after us equities tumbled the
Most since january on tuesday yeah it’s very bad time to do an ipo i don’t know the performance of rival lyft is weighing on the mind of uber executives as their they market their ipo the people said that stock soared on its april debut after the original price range was boosted but it’s now trading about 16% below its ipo price of $72 per share so as essentially is
Like a quick pump and then it came right back down the world’s biggest ride-hailing company is offering 180 million shares for $44 and $50 at the top of that range okay so looks like they’re selling shares at 44 and 50 at the top of that range the listing would value over at almost 84 billion based on the number of shares outstanding after the offering is detailed
In the filing 180 180 million shares so that’s actually a pretty tight flow i like the flow i don’t know i’m i think uber is gonna be way bigger than live i think uber is gonna be way bigger than left and if its price lower than left i think we could see a quick pump and then maybe come down but i wouldn’t be surprised to see it go up this is uber like ubers way
Better than lyft has way more people using it than left so i don’t know the millennials like uber guys oh okay i understand lucas you just bought the shorty tf i thought you actually shorted a stock so you bought the short etf so that’s actually not a bad idea are you up on that trade please share you the short etf in the group chat here so people know what the
Short etf is so lucas wanted two short stocks he found a short etf which you can buy and if the market goes down you’re making money on the fact that markets going down please share your short etf lucas and i’m gonna tell you guys another stock that is a volatility stock is vixx vixx is a volatility stock and when there’s volatility the vix explodes today the
Vix has exploded on volatility it’s a short long yes so it’s a shorting etf and when the market goes down it goes up so you can buy the stock the symbol thanks to lucas is sp xu thank you lucas for sharing with the people judo is saying i think uber is going to be disappointed there are tens of thousands of their drivers on strike in every major city in usa oh
Wow i didn’t know that crazy yeah i don’t know if i’m gonna buy it i definitely be watching it and i think it’s gonna be very interesting i just think there’s a lot of millennials that really like uber i know here in canada is very popular with millennials so it’ll be interesting to see nice lucas you got in at on the spx you short etf at 30 11 and it’s now at 30
40 guys take a look at the vix the vix is having a monster day today so i just wanted to get your guys opinions on uber thank you guys for the 12 likes i would love to get your guys comments in the comment section will you buy a burr yes or no please comment down below if you haven’t hit the like button please hit the like button if you haven’t subscribed please
Subscribe over 20,000 180 subscribers now worldwide and i just feel blessed to be a part of this community thank you guys for everything thank you for all your support wow it’s at $31 now my goodness so the market is very choppy there’s a lot of volatility i will be watching the uber ipo very very carefully very closely i’d love to know your guys opinions if you
Guys are gonna buy it please comment down below share this video everywhere love to get everybody’s opinions on the uber ipo i’ll be watching it carefully if i see any other information on it i’ll bring it to you guys first oh wow the short the short spx you index is now at 31 18 unbelievable and take a look at the vix the vix has been running high on volatility
Today vix it’s a volatility fund okay thank you guys i love you guys i appreciate you guys have a great day this is your boy rich rich to be live i might be back with some news shortly i’m out peace uber keep your eyes on uber uber
Transcribed from video
UBER IPO Tomorrow will it Explode? By RICH TV LIVEliveBroadcastDetails{isLiveNowfalsestartTimestamp2019-05-09T150457+0000endTimestamp2019-05-09T151622+0000}
