On Saturday April 11th, Uber publicly filed to go public. If you haven’t read their S-1 regulatory filing you can find it on the SEC website
Here’s a quick overview of the major dates to track.
Filing the S-1, April 11th
It’s been widely reported that Uber confidentially filed its IPO paperwork with the Securities and Exchange Commission in December. But now that they’ve released their IPO prospectus it’s all systems go.
The IPO Roadshow, Week of April 29th
In order for shares to be publicly traded they need to be priced. And that’s really what the IPO roadshow is all about. After a whirlwind of meetings with institutional investors, the Uber executive team and investment bankers will assess demand and determine the final price.
Shares of Uber trade on NYSE, widely reported to be May 10th
Pop the champagne and celebrate the fulfillment of your liquidity event requirement. Uber employees subject to dual vesting are now one step closer to selling their equity freely on the public markets. But you’ll need to wait a little bit longer. Wait, what?
Lockup Expiration, typically 180 days after the IPO
During the lockup no trading is permitted. But that doesn’t have to prevent you from making progress. You can use this period to formalize your planning, including what you will do with your equity. Not sure where to begin?
If you haven’t already, I’d encourage you to check out our free IPO planning resources or connect with a member of our advisory team.