The fame of the drip, is unquestionable, recently submitting IPO statements, let it probably go to a new level.
The non-open market is estimated $ 95 billion, the valuation of the listing may reach 100 billion US dollars, instantly in the world’s market value of 100 -200 pre-list, higher than Uber 920 The US $ 10,000 is higher than the automatic driving leader Waymo’s current estimate market value ($ 30 billion), which is higher than the current market value ($ 74 billion), which is higher than the ideal car ($ 25.5 billion), It is higher than the current market value of Xiaopeng ($ 32.2 billion).
In the past few years, the IPO rumors about the drip have been long, and from the current drip new action, it is clear that this company has reached a new key turning point. As for the cause of the turning point, it can be interpreted as quot. The bottleneck has taken a breakthrough quot; and can be interpreted as quot; the decision layer has a new direction quot; and can be interpreted as quot; this company encountered questions quot; and so on.
IPO: The success rate is extremely high, the problem is very small
Drops are currently facing, much more inferior, very clear . 
Good points to condense Quot in three words; scale quot; quot; user information quot; quot; industry difference quot;
Public data and the information in the statement clearly, the drip is the giant of China’s field, and even the absolute two words can be added.
At the end of March this year, the drip is carried out in about 4,000 towns in 15 countries around the world, providing webmarks, taxi, windmills, sharing bicycles, sharing electric bicycles, driving, car service , Freight, finance, automatic driving and other services.
A nearly 3 years of revenue is 1.35.3 billion yuan, RMB 15.48 billion, RMB 141.7 billion; the latest user statistics, the global annual active user is 493 million, the global year active driver is 15 million, It has a 377 million years of active users in China and13 million active drivers. The average daily trading volume of the global business in the past year is 41 million, and the total transaction amount of the platform is 341 billion yuan. And the official data of the drip shows that the driver’s total revenue has about 600 billion yuan in the past three years.
The above series of numbers are amazing for the industry it, with Uber as an example, nearly three years of revenue is $ 10.43 billion, $ 13 billion and $ 1.339 billion, and The data of the drip is $ 20.81 billion, $ 22.76 billion, $ 20.39 billion. Camp, the drip is in recent years, it is the two faults of Uber.
However, although the drip is currently large, it will be proposed by the past: 100 million daily orders, the global monthly household household is more than 800 million, and there is a lot of distances.
Also, the top size status of the drip is that it also got the share of upstream. Upstream network usage – special car / enjoyment, etc. There are taxi / express waits, the next layer, then after the previous hawk, the three to five-wire cities are cut down.
At the same time, it is still currently traveling in the same field of global markets, unique enterprises that are automatically driving related technical services.
Overall, the card holder of the dripping hand is good, there is a quick-ended man’s giant just completed the listing, then there is a drop, the success rate is quite large. The difficulty is only that it can eventually achieve, and a series of variables in the middle of the estimate, issuance and fundraising goals.
Of course, there is no full matter, there is also a problem in front of the drip IPO.
First, the core business of the drip is mainly in China, and the business type is mainly in travel services. This drip submits IPO statements, group purchase business – orange heart is preferably stripped, there is a possibility that is listed alone, and there is also a loss of loss that is seriously affected by the market.
Second, once the drip is after IPO, there will be a single problem in the global market. Uber, millions of US dollars, is currently in overseas market, the core reason lies in its business to further complete cross-borders,Dust + takeaway distribution combination, and after the drip completion of the IPO, the secondary market will directly expose its core business relatively single question.
Third, the drip is still in a loss, not a profit state, the loss amplitude is constantly narrowing. At the same time, China’s webmark market currently has a relatively large variable, the shuffle is continuously carried out, such as the Beiqi Group has begun to achieve some sections of the first steam, such as Cao Cao’s car began more than the drip. The rate, while including T3 travel, etc., starting to grab a drop market share of the remote area.
Overall, the situation in which the drip is currently, the industry scale faucet and the user’s dragonfly, but has not completed the previous related goals, and there is a relatively large entry of the target, the loss has narrowed, invest People / business future, facing more challenges, as well as more severe bottlenecks.
Drop IPO, see more is struggling
After IPO, the entire industry is more concerned about this. Because, the drip IPO rumors in several years have actually made the industry a round of wheels for this company, mastering the core information of finance, core business, scale, and operational methods. 
The olfactory smell of capital is always cut, the frontier possibilities, the future possibilities, while the trip is good at travel, is currently not a Chaoyang industry . For example, after the end of the IPO, how to face Uber’s travel + logistics business combination, will be a big problem. At the same time, launching travel + logistics business portfolios in the Chinese market, there is a corresponding layout, such as tick moving, etc., but it will take the same opponent from the flea, US groups, and the supervision of themselves. There is a problem.
So, the drip is facing, it is a breakthrough. According to its professional ability, unique advantages, future routes, only carry huge amounts of automotive related businesses, such as automatic driving technology and services, such as network usage, such as ourselves or other Similar events.
If the IPO is successful, how big is the breakthrough in this aspect, and there is not much opportunity.
Similar to Baidu and Geely joint ventureCreating the next car? From the perspective of technical reserves, the difference between the cooperation between the partners, the drip does not have Baidu’s ability to complete the entry of the C-terminal. At present, the drip and BYD cooperate to create a exclusive webmark-related business. The drip is more in the demand provider and the operators after the vehicle landing. The relevant technical reserves are enough BYD, which can meet the drops and others. The company’s related webmarks are created.
In a short time, the opportunity of the drip directly into the car business is not large, and it is necessary to wait for the access policy of unmanned webmark. At that time, it is between the whole vehicle manufacturing enterprise. The status and rights can match equal match.
After the IPO will get fundraising, it is relatively clear to expand its strength. The answer is 2.
1. In business mode, complement the single short board, join logistics / takeaway / distribution, etc., such opportunities have more markets that have relatively mature environments overseas. In the Chinese market, on the one hand, on the supervision of business model, on the other hand, the drip has been surrounded by the subdivision category giant, full of pressure. But for the drip, this seems to be done;
2. Another force point, about the admission car, but the whole vehicle is difficult, data merchants, suppliers, partners Can still be. It has always been, the value of the trip is considered to have the ability to contribute to the data in the future. As the automatic driving associated surface, the drip has a strong value of the data value supplier.
Of course, there is also a new difficulty, the protection of core data, and the relationship between enterprises.
Write in the last:
For the whole, for the drip, today IPO’s trial step, in fact, it reflects essential operational logic.
Next, if the IPO is complete, it will be used for the relevant business of the international market; 30% of the funds will be used for automotive related capabilities (shared vehicles, electric vehicles related, automatic driving ); 20% of funds will be used for existing travel services, allowing users to experience further upgrades; while other money, meet operating funds and other corporate investment.
The current drip is actuallyCan’t let people see too much breakthrough thinking, which means it currently has limited potential in the growth space of the capital market. Many people are discussing the possibility of dripping the car, the space is small, and the supplier is better.