Uber will register its initial public offering (IPO) with the US Securities and Exchange Commission, and plans to sell around $10bn of its stock, in what has been dubbed one of the biggest tech IPOs of all time. Analysts said Uber is seeking a valuation of between $90bn and $100bn, a more conservative figure than previous estimates of $120bn, and aims to begin trading on the New York Stock Exchange in early May. Uber's IPO follows that of rival Lyft, which raised $72 last month, but whose shares fell from $2.34bn to $67.44.
Uber will register its initial public offering (IPO) with the US Securities and Exchange Commission, and plans to sell around $10bn of its stock, in what has been dubbed one of the biggest tech IPOs of all time. Analysts said Uber is seeking a valuation of between $90bn and $100bn, a more conservative figure than previous estimates of $120bn, and aims to begin trading on the New York Stock Exchange in early May. Uber's IPO follows that of rival Lyft, which raised $2.34bn last month, but whose shares fell from $72 to $67.44.