Uber makes its IPO debut Friday in one of the most anticipated IPOs in 2019. Uber is set to price their shares at $44 to $50, given the company an immediate $80 or $90 billion market cap.
In 2018, Uber’s revenue reached $11.3 billion for the year, up 43% from 2017, but the company remains unprofitable. Thus, tomorrow there will be winners and losers (just like with the Lyft IPO). The losers will be the retail investors, who will be eager to jump in and get a piece of the pie. The winners will include, Ashton Kutcher, Jay-Z, Beyonce, Gwyneth Paltrow
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