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Uber files for IPO: Report

IANS  |  San Francisco 

Cab hailing giant has filed paperwork for its (IPO), The reported on Saturday citing people familiar with the matter.

This comes a day after San Francisco-based company deposited paperwork with the (SEC) for an IPO.

"The S-1 filing with the SEC puts neck-and-neck with Both planned IPOs are shaping up to be among the biggest in a spate of offerings aimed for 2019.

"said it had filed its S-1, and people familiar with the matter have said it is aiming to debut in March or April," the report said.

However, the details of Uber's filing, including the exact day of filing the paperwork aren't known.

According to reports, the company's most recent private valuation was $76 billion, when it sold a roughly $500 million stake to

Lyft said it hasn't yet determined how many shares will be offered or what the price range will be. The IPO is expected to begin after the SEC reviews the plan, according to CNET.

--IANS

ksc/mag/bg

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Sat, December 08 2018. 12:22 IST
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