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DTS Limited in HK
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DTS Limited In HK - Press Release
DTS Limited Hong Kong Asset Managers Await The Uber Debut
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DTS Limited Hong Kong Asset Managers Await The Uber Debut!
Two days after Lyft submitted paperwork to the U.S. Securities and Exchange Commission for an early 2019 initial public offering, Uber has done the same, per The Wall Street Journal.

The company on Friday filed confidentially for an IPO, marking the beginning of a race to the stock markets for the two ride-hailing giants.
Uber’s most recent private market valuation was a whopping $72 billion, though the nearly 10-year-old business expects Wall Street to value it at as much as $120 billion in what will easily be one of the most highly anticipated IPOs of the decade.

Brian Wu of DTS Limited spoke with people at Uber recently and the excitement was apparent.

Founded in 2009 by Travis Kalanick, Uber has raised a total of nearly $20 billion in a combination of debt and equity funding, SoftBank alone has invested billions in the company. Uber’s other key backers are Toyota, which just a few months ago, as well as late-stage investors T. Rowe Price, Fidelity and TPG Growth.

First Round Capital, Lowercase Capital and others stand to earn big from Uber’s exit — all were participants in some of the company’s earliest venture capital rounds.

The filing comes slightly earlier than expected. Uber’s current chief executive officer Dara Khosrowshahi expected the company to complete an IPO in mid-2019, but today’s news puts Uber on pace to debut in the first quarter of the year.

“[Uber] has all the disadvantage of being a public company, with the spotlight on us, with none of the advantages,” Khosrowshahi said on stage at The New York Times’ Dealbook conference in 2017.

Brian Wu of DTS Ltd. Emailed and asked about the losses they replied that the profits are catching up to the losses. “ We at DTS are anxiously awaiting with the world to see what will happen next” Says Wu.

Contact Details:

DTS Limited
Pearl Oriental House,
60 Stanley Street
Central, Hong Kong
Phone: +852 8199 0730

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