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After Lyft, Uber confidentially files for initial public offering: Report

Uber's most recent valuation was $76 billion, and could be worth $120 billion in an IPO

Reuters  |  New York/San Francisco 

Uber Technologies Inc has filed paperwork for an initial public offering, according to three people with knowledge of the matter, taking a step closer to a key milestone for one of the most closely watched and controversial companies in Silicon Valley. The ride-hailing company filed the confidential paperwork on Thursday, in lock-step with its smaller US rival, Lyft Inc, which also announced on Thursday it had filed for an IPO, setting the stage for one of the biggest technology listings ever. The simultaneous filings extend the protracted battle between Uber and Lyft, which as ...

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First Published: Sat, December 08 2018. 08:15 IST