Uber Is No Lyft as Valuation Expert's Appraisal Is Billions Wide
- Still, company will be priced relative to Lyft, Damodaran says
- Valuation complicated by losses in China, Southeast Asia
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Uber Technologies Inc. isn’t exactly Lyft Inc., said Aswath Damodaran, a finance professor at New York University’s Stern School of Business, but the market will price them relative to each other.
The two ride-sharing companies are making their debuts in the equity capital markets, with Lyft going public at the end of last month, and Uber filing its prospectus last week. But Uber is more complicated than its competitor, making valuing the company ahead of its IPO more difficult and open to interpretation.