Uber has filed initial public offering ( IPO ) documents with the US Securities and Exchange Commission that state the company may not " achieve profitability " and that it expects operating expenses to rise significantly . The filing revealed Uber has a global average of 91 million active monthly users and generated $ 11.3bn in revenues in 2016 , a 42 % YoY increase . It did not specify the size of the IPO in the filing , setting a placeholder amount of $ 1bn , but recent estimates gave it a value of $ 90bn to $ 100bn . The company is on track to price its IPO and begin trading on the New York Stock Exchange in Uber aims to begin trading in New York in May.
Uber has filed initial public offering ( IPO ) documents with the US Securities and Exchange Commission that state the company may not " achieve profitability " and that it expects operating expenses to rise significantly . The filing revealed Uber has a global average of 91 million active monthly users and generated $ 11.3bn in revenues in 2016 , a 42 % YoY increase . It did not specify the size of the IPO in the filing , setting a placeholder amount of $ 1bn , but recent estimates gave it a value of $ 90bn to $ 100bn . Uber aims to begin trading in New York in May.