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Home / Business / Uber submits IPO paperwork, rages against Lyft for a large offer

Uber submits IPO paperwork, rages against Lyft for a large offer



  The Uber Application logo will be on display on August 31, 2018, in front of the taxi board in Ankara, Turkey.

Ali Balikci | Anadolu Agency | Getty Images

The Uber application logo will be displayed on August 31, 2018 in front of the taxi board in Ankara, Turkey.

Uber Technologies Inc. Announces First Public Offer According to Three Persons This is an important step on the way to an important milestone for one of Silicon Valley's most watched and controversial companies.

The company, which is working with the hail request, complained on Thursday about the secret paperwork with its smaller US rival. Lyft Inc., also announced Thursday, had floated an IPO and set the stage for one of the largest technology listings ever.

Concurrent applications extend the lengthy struggle between Uber and Lyft, which was often rolled out as fierce competitors, identical in service and in line with each other's prizes.

Uber's latest valuation was $ 76 billion and could be $ 120 billion on an initial public offering. Its next year's listing would be the largest in a series of public debuts by highly valued Silicon Valley companies, including Airbnb, the rental company Airbnb and the messaging company Slack.

Uber's debut will be a test of investor tolerance for legal and labor disputes that had strained Uber for most of last year, and about Chief Executive Dara Khosrowshahi's progress in transitioning the company. Khosrowshahi took over more than a year earlier.

Uber has a deadline for the IPO on September 30, and a filing this week suggests that the debut will come sooner than that.

IPOs by Uber and Lyft will test the public The market investor is up the highly interesting, but also unprofitable business with the appeal to the lenders interested.

Uber lost $ 1 billion in the third quarter and is struggling with a slowdown in growth, although its gross bookings of $ 12.7 billion reflect the company's enormous value scale.

The Wall Street Journal announced the filing earlier on Friday.


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