Uber files for IPO, Wall Street Journal reports

Such a great amount for Lyft’s initial mover advantage.




One day after Lyft submitted printed material to the Securities and Exchange Commission for a first sale of stock, Uber sent in its own secret recording, The Wall Street Journal announced Friday, refering to “individuals comfortable with the issue.”

The move puts Uber and Lyft in a race to Wall Street, a sign that the two organizations anticipate that financial specialists will have a craving for just a single ride-hailing organization. Investigators hadn’t anticipated that Uber would open up to the world “until the center of one year from now,” Recode gave an account of Thursday.

The filings presently put both Lyft and Uber on pace for an open offering in the initial three months of 2019.

As of October, Wall Street banks anticipated that Uber could bring $120 billion up in its IPO, Bloomberg News revealed at the time. Lyft has been esteemed at $15 billion.

Lyft said it hasn’t yet decided what number of offers will be offered or what the value range will be. The IPO is relied upon to start after the SEC audits the arrangement, as indicated by Lyft’s announcement.

3 COMMENTS

  1. As of October, Wall Street banks projected that Uber could raise as much as $120 billion in its IPO, Bloomberg News reported at the time. But that number could also come in around the company’s current estimated valuation of about $75 billion. Lyft’s IPO valuation is expected to be approximately $15 bi 00006000 llion, analysts say.¬† Lyft ¬†said it hasn’t yet determined how many shares will be offered or what the price range will be. Its IPO is expected to begin after the SEC reviews the plan, the company said. Uber declined to comment on its reported filing.

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