On May 14, 2019, the Uber Technologies Inc. closed its initial public offering (IPO), in which it issued and sold 180 million shares of its common stock. The price was $45.00 per share. The Company received net proceeds of approximately $8.0 billion from the IPO after deducting underwriting discounts and commissions of $106 million and offering expenses.

Assess the IPO performance of the company and write a report answering below questions:

1. Summarize the company history briefly (you can use the information given in below forms and on the web).
2. Depending on your analysis, at what price would you recommend Uber shares to be sold? Are these forecast assumptions realistic according to your assessment of the companys past performance and the industry?
3. Using your recommended offer price in question 3 and the number of shares the company planned to issue (given above), how much could the company have raised in IPO? (Assume 7% flotation costs). Is it close to the amount the company raised? Why/ why not?
4. What was the method of issuance (firm commitment/best efforts/Dutch auction)? Explain the method. Who were the underwriters of this issuance? How much did they get paid? What were the actual floatation costs in percentages? Are the numbers close to your findings in your answer to Question 4?
5. Did the company achieve its 2019 forecasts according to 2019 Balance Sheet and Income Statements? How would you update the overall forecast assumptions in DCF Valuation sheet to reach its end of year stock price in the market (closing price as of December 31, 2019)?