• Triton

DealBook Special: Uber

In this morning's New York Times DealBook, that authors took a deep dive into "Everything You Need to Know About the Uber I.P.O." In doing so, the authors cited Triton's Rett Wallace, who opined in a piece for the Financial Times on the glaring lack of key metric disclosure in Uber's IPO Prospectus: Uber’s I.P.O. prospectus “left many serious professional investors wondering why a company that loses $3 billion annually” could be worth more than $90 billion, Rett Wallace, the co-founder and chief executive of Triton Research, wrote in the FT. “The information that financial analysts would need simply wasn’t in there,” he continued, adding that a “solicitation for so much money with so little information is an outrage.” Full New York Times DealBook post - HERE