Breaking: Uber to file IPO on the NYSE

uber

Latest news from Bloomberg says ride-hailing giant, Uber is looking at launching an initial public offering, IPO, on the New York Stock Exchange, NYSE.

It would be recalled that Lyft, Uber’s major competitor had in the last quarter of last year filed for an IPO on the NASDAQ, the most popular exchange for tech brands.

Sources at Bloomberg claimed that Uber might wait for Lyft’s IPO to go through before submitting its filings on the NYSE.

The IPO could be the biggest IPO in history after Alibaba listed on the same exchange, an IPO that was the biggest in history which valued the Chinese eCommerce giant at $155 billion.

According to people familiar with the matter, Uber’s valuation for the planned IPO will be around $12o billion, a valuation that would only require the ride-hailing giant to list a minimum of 16% of its entire equity.