Jim Cramer: What Uber and Pinterest's IPO's Mean for the Markets
Are you ready for IPO season?
Levi's officially started trading Thursday and Lyft is set to start trading soon, but what about two other highly anticipated IPO's?
Uber's Ready to IPO Uber Technologies has selected the New York Stock Exchange for its upcoming initial public offering, Bloomberg reported, in what could be one of the five biggest listings of all time.
The ride-hailing company is expected to publicly file for its offering in April.
The IPO could value the company at as much as $120 billion and is likely to be the biggest of the year, people familiar with the plans previously have said.
At that valuation, Uber would only have to float about 16% of its shares to make the top five, according to data compiled by Bloomberg.
Pinterest's Speeding Up its Process Pinterest has sped up the timing of its own IPO as it looks to take advantage of what is clearly a strong market for tech-focused stock offerings, The Wall Street Journal reported on Friday, citing people familiar with the matter.
The company, which filed its IPO paper confidentially with the Securities and Exchange Commission earlier this year, could make its filing public as early as Friday.
It would list on the New York Stock Exchange as soon as in mid-April, the Journal reported.
Jim Cramer: The IPO Whistle Stop Tour, From Levi Strauss to Uber to AirBnB How Much Money Will I Need to Retire?
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