The Uber technologies, inc. initial public offering

• Autor(a) principal: Brito, João Tomás Padilha Caldas De
• Data de Publicação: 2021
• Tipo de documento: Dissertação
• Idioma: eng
• Título da fonte: Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
• Texto Completo: http://hdl.handle.net/10362/132593
• topic: Corporate finance; Entrepreneurial finance and venture capital; Initial public offering; Investment bank; IPO underwriting; Domínio/Área Científica::Ciências Sociais::Economia e Gestão

Concerning its main application, Corporate Finance studies, this case study aims, among others,to showcase historical trends in initial public offerings and IPO underwriting, and deviations, idiosyncratic or structural, from the norm, making use of contemporary, notable examples and contextualizing them within an historical backdrop. To explore overlooked money-making opportunities available to financial institutions (in particular, investment banks), such as the over-allotment option, propose an IPO valuation exercise. To juxtapose IPOvaluation with IPO pricingand explore this conceptual dynamic applied to a concrete, real and prominent event, the Uber Technologies Inc. initial public offering. To prospect the game of incentives underpinning an initial public offer: from the vantage point of the company insiders, the early investors, the IPO buyers, the underwriters, the retail investor –and prompt a discussion on sell-side conflicts of interest, on which clients and actors does the investment bank/underwriter fiduciary responsibility lie with, and how they are bound to inform and shape deals.