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Financial Times - Rett Wallace

Updated: May 14, 2019

"Uber’s enormous, vague IPO prospectus is an outrage. The 431-page document highlights what is wrong with the US public markets." These were the opening headlines from Rett Wallace's opinion piece, published today by the Financial Times. "The 431-page updated prospectus was filled with lawyerly phrases and volumes of information on potential risks, but it left many serious professional investors wondering why a company that loses $3bn annually would be worth that much. The information that financial analysts would need simply wasn’t in there," said Wallace. Opinion piece from Rett Wallace published in the Financial Time - HERE