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Uber IPO Set To Be The Biggest Since Alibaba

The last few weeks have seen high-profile IPOs from venture-backed companies like Lyft, Beyond Meat, and Zoom, as well as indications that more of Silicon Valley’s elite are on their way to the public markets, with Slack and WeWork also filing IPO paperwork. With rumors swirling that Palantir and Airbnb will soon be filing to go public, 2019 is living up to our prediction that we will see a slew of blockbuster IPOs this year. Not to be outdone, Uber finished its roadshow and will reportedly attain an IPO valuation of $82 billion when it raises over $8 billion on May 10. Barring any enormous surprises, Uber’s IPO will surely be the largest public debut of 2019 and the biggest IPO since Alibaba raised $25 billion in 2014.

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