3 ms·
Bigger sucker would be ipo
by cryptozeus 10y ago
Bigger sucker would be ipo
- Animats 10y agoFor an IPO, Uber would have to publish real audited GAAP financials. Those would look terrible. Uber's over-valuation would not survive.
- khazhou 10y agoSure it would. People would buy in, it would pop, etc. Because UBER.
- pfarnsworth 10y agoYou're naive if you don't think Uber already has audited financials. Investors wouldn't dump billions in if they didn't.
- nerfhammer 10y agoGAAP : non-GAAP :: post-IPO : pre-IPO
- __derek__ 10y agoJP Morgan Chase and Deutsche (not exactly the model for integrity) have recently opted not to work with Uber because of its lack of disclosure.[0] Besides, take another look at that table above: not a confidence-inspiring list. [0] https://www.bloomberg.com/news/articles/2016-11-07/banks-said-to-have-passed-up-uber-share-sale-on-lack-of-data https://www.bloomberg.com/news/articles/2016-11-07/banks-sai...
- pfarnsworth 10y agoThere's also several links to sites that already have the financial data from Uber. Either you believe that those leaked financial data is real, or you believe they are fake. If you believe the numbers and the scope of the loss, are you saying that they would have that data and allow that data to leak, but they wouldn't provide it to JP Morgan or DB?
- __derek__ 10y agoThere's financial data out there, but Uber won't provide official financial data to banks for their customers to scrutinize. That makes it hard to assume that everything is both on-the-level and healthy. Edit: Anyway, what I believe is irrelevant. I don't have the option to invest (aside from getting a job there) or short.