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Uber selects New York Stock Exchange for listing


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Ride-Hailing company Uber is listed on the New York Stock Exchange, reportedly, in one of the most anticipated IPOs of the year. [19659005] The decision to opt for the Wall Street Exchange over the tech-heavy Nasdaq was first reported by Bloomberg, citing sources.

It appears as the smaller, rival rival Lyft prepares its list on the Nasdaq.

Uber is expected to launch IPO in April and can reach $ 1

20 billion (£ 91.4 billion).

The company did not immediately respond to a request for comment on the reports it would list on the New York Stock Exchange.

Other big technology companies like Google, Apple and Facebook are trading on the Nasdaq.

But the New York Stock Exchange has secured some of the world's largest IPOs, including Alibaba and General Motors.

The IPO of Uber takes place, as investors are in great demand for new stock market listing.

The shares of denim icon Levi Strauss went public after 34 years. Immediately after the opening of Wall Street, the price rose – and closed at 31.8% – which the company estimated at $ 8.7 billion.

Analysts said the listing's success is a good sign of investor appetite for other IPOs planned this year, including Pinterest, Airbnb, Slack and Uber.

Disruptive force

Uber was disputed in more than 60 countries for the disruption of the taxi industry.

In several jurisdictions, it continues to encounter both private drivers and regulators.

Taxi for Taxi Drivers The app company was also facing legal action in the United Kingdom and the United States for classifying drivers as self-employed entrepreneurs rather than as employees.

A series of Uber scandals in 2017, including allegations of sexual harassment by female employees, data breaches, the use of illegal software to thwart state regulators, and the forced resignation of its Chief Executive Travis Kalanick.

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