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UBER IPO Competitively Priced for First Trading Day Gain of 10% to $50

Companies / IPOs May 10, 2019 - 11:15 AM GMT

By: Nadeem_Walayat

Companies

UBER has decided to IPO at the lower end of market expectations at $45 per share with a view to raising $82 billion. Priced well below market expectations of $50. Therefore it is highly likely that UBER will have a successful first days trading that could easily see the stock trade higher by 10% to $50 that would value the company at $90 billion.


Uber is currently losing $1 billion per quarter, after all it is just glorified cab company with an App, So it's current business model clearly does not work. However, the BIG Plan is to replace drivers with robots. That's going to take some time to achieve, and maybe someone else will get there first. So basically don't get carried away with investing in UBER today for there are far better tech plays as I covered in my Top 10 AI stocks analysis.

Top 10 AI Stocks Investing to Profit from the Machine Intelligence Mega-trend

As for beyond today, we'll I just don't see it as a good investment. Like I say there are far better stocks out there.

Stock Market Trend Forecast 2019

My in-depth analysis posted on the of 1st March 2019 Stock Market Trend Forecast March to September 2019 concluded in the following trend forecast for the Dow to achieve at least 28,000 by Mid September 2019.

At the update of April 7th update (https://www.patreon.com/posts/stock-market-dow-25930920) the stock market was running ahead of the forecast by some 700 points.

When I warned to expect the stock market to converge towards my trend forecast rather than continue trending higher.

However, with stocks approaching resistance at previous all time highs I consider the most probable outcome is for the Dow is to converge towards my trend forecast during the remainder of April.

Which brings us to the present:

Technical Analysis

The rest of this analysis has first been made available to Patrons who support my work: https://www.patreon.com/posts/stock-market-us-26752779

So for immediate First Access to ALL of my analysis and trend forecasts then do consider becoming a Patron by supporting my work for just $3 per month. https://www.patreon.com/Nadeem_Walayat.

April Analysis:

May Analysis Schedule :

  • Stock Market Trend Forecast Update
  • Machine Intelligence Investing stocks sub sector analysis
  • UK Housing market ongoing analysis.
  • Gold / SIlver trend forecast update.
  • China Stock Market SSEC

And ensure you are subscribed to my FREE Newsletter to get this analysis in your email in box (only requirement is an email address).

Your analyst

Nadeem Walayat

http://www.marketoracle.co.uk

Copyright © 2005-2019 Marketoracle.co.uk (Market Oracle Ltd). All rights reserved.

Nadeem Walayat has over 30 years experience of trading derivatives, portfolio management and analysing the financial markets, including one of few who both anticipated and Beat the 1987 Crash. Nadeem's forward looking analysis focuses on UK inflation, economy, interest rates and housing market. He is the author of five ebook's in the The Inflation Mega-Trend and Stocks Stealth Bull Market series that can be downloaded for Free.

Housing Markets Forecast 2014-2018The Stocks Stealth Bull Market 2013 and Beyond EbookThe Stocks Stealth Bull Market Update 2011 EbookThe Interest Rate Mega-Trend EbookThe Inflation Mega-trend Ebook

Nadeem is the Editor of The Market Oracle, a FREE Daily Financial Markets Analysis & Forecasting online publication that presents in-depth analysis from over 1000 experienced analysts on a range of views of the probable direction of the financial markets, thus enabling our readers to arrive at an informed opinion on future market direction. http://www.marketoracle.co.uk

Disclaimer: The above is a matter of opinion provided for general information purposes only and is not intended as investment advice. Information and analysis above are derived from sources and utilising methods believed to be reliable, but we cannot accept responsibility for any trading losses you may incur as a result of this analysis. Individuals should consult with their personal financial advisors before engaging in any trading activities.

Nadeem Walayat Archive

© 2005-2019 http://www.MarketOracle.co.uk - The Market Oracle is a FREE Daily Financial Markets Analysis & Forecasting online publication.


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