附近上门

IPO news continues as details emerge on two more unicorns鈥� plans to go public. and will form part of the 2019 technology IPO cohort, a key liquidity wave that should unlock hundreds of billions of dollars of illiquid wealth.

听鲍产别谤

Last night, Reuters that Uber will seek to sell about $10 billion worth of stock in its initial public offering and 鈥渨ill make public the registration of the offering on Thursday.鈥� The $10 billion figure is inclusive of secondary offerings; not all $10 billion will find its way to Uber鈥檚 coffers.

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The company, which surely must be hoping for a better public debut than its rival , is expected to launch its investor roadshow during the week of April 29. This puts Uber on schedule to price its IPO and actually begin trading on the NYSE sometime in early May.

Among the most critical Uber questions is its worth. Lyft鈥檚 IPO set a precedent for ridesharing revenue which we explored here. But Uber鈥檚 audited growth, GAAP results, and final gross margin results will set its price apart from Lyft.

But what Reuters reports is interesting all the same — the that Uber may aim for a 鈥渧aluation of between $90 billion and $100 billion.鈥� If that鈥檚 the case, it鈥檚 a retreat from prices rumored to be as high as $120 billion. If those figures were ever serious is still a question.

PagerDuty

Now, let鈥檚 take a (short) break from the 鈥�-sharing鈥� IPOs and turn our attention to .

The San Francisco-based SaaS unicorn is to raise up to $240 million at a price range of $21 to $23 per share. PagerDuty had to offer the same number of shares (10.4 million) at a range of $19 to $21. As we noted last month, PagerDuty sells a service that alerts developers when things break, sold on a recurring basis

Its new price range means the company could have a non-diluted market cap of around $1.7 billion at the top end.

has raised a total of since it was founded 10 years ago. Its latest funding was a $90 million round raised in September 2018 at a post-money valuation of nearly $1.3 billion, according to 附近上门 data. Backers include , , and , among others.

PagerDuty is following video-conferencing startup lead in not being deterred by ride-hailing company Lyft鈥檚 thus-far bumpy road as a public company. The company is slated to start trading Thursday on the NYSE under the ticker 鈥淧D.鈥�

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