Summary: <br> Announcer: <a href="https://www.temi.com/editor/t/quFi974Ad97LLuijO04JMDl4ar4F27hJwmUw54JBpCgbTbQL8Rdhm-bZo0-9NkcdnVTozPUkS5tFJIMl14t68MG_rNo?loadFrom=DocumentDeeplink&ts=0.27">00:00</a> You’re<br> tuned in to the Investing for Beginners podcasts. Finally, step by step premium<br> investment guidance for beginners led by Andrew Sather and Dave Ahern. To<br> decode industry jargon, silence, crippling confusion, and help you overcome<br> emotions by looking at the numbers, your path to financial freedom starts now.<br> <br> <br> <br> Dave: <a href="https://www.temi.com/editor/t/quFi974Ad97LLuijO04JMDl4ar4F27hJwmUw54JBpCgbTbQL8Rdhm-bZo0-9NkcdnVTozPUkS5tFJIMl14t68MG_rNo?loadFrom=DocumentDeeplink&ts=39.87">00:39</a> All<br> right folks, we’re welcome to Investing for Beginners podcast, this is episode<br> 103 tonight. Andrew and I are going to talk about IPOs, uh, with the upcoming<br> Uber IPO on the horizon. It’s going to begin here very shortly. Uh, Andrew and<br> I thought it would be apropos for us to talk a little bit about IPOs and a<br> little bit about Uber and just kind of our general thoughts about how this will<br> work, what we think is a good investment and so on. So Andrew wants to go ahead<br> and take your first stab at this, and then we’ll have a little conversation<br> about it.<br> <br> <br> <br> Andrew: <a href="https://www.temi.com/editor/t/quFi974Ad97LLuijO04JMDl4ar4F27hJwmUw54JBpCgbTbQL8Rdhm-bZo0-9NkcdnVTozPUkS5tFJIMl14t68MG_rNo?loadFrom=DocumentDeeplink&ts=72.84">01:12</a> Okay.<br> I want to, so I guess to overview on the Uber IPO and then maybe we can talk<br> about IPO is in general. So based on or recording this the day of their IPO. So<br> it’s happening kind of in real time as we’re talking. They, some people, there<br> are huge expectations for this. Lyft had an IPO very recently. Some people, I<br> don’t know where they got this idea, but some people were thinking the Uber<br> with IPO at like a hundred billion market cap. Um, I read, I read 120 billion.<br> Like where, where do they, they just like put a bunch of numbers in a hat and<br> Oh, 120 sounds nice. And that’s what they decide. I don’t; I don’t get it at<br> all.<br> <br> <br> <br> <br> <br> <br> <br> Andrew: <a href="https://www.temi.com/editor/t/quFi974Ad97LLuijO04JMDl4ar4F27hJwmUw54JBpCgbTbQL8Rdhm-bZo0-9NkcdnVTozPUkS5tFJIMl14t68MG_rNo?loadFrom=DocumentDeeplink&ts=121.65">02:01</a> The<br> what ended up happening was 8.1 billion as of today as well. I’m seeing, uh,<br> they’re saying Facebook raise like 16 visas raised 18 and 2008 and Ali Baba<br> raised 25 billion to 2014. So to put that in perspective,
