Bridging People to Opportunities
Rival Lyft also filed for IPO around the same time.
🚗 Uber Technologies Inc. filed documents confidentially this week with regulators for an initial public offering, said an anonymous spokesperson. 💸
📝 The offering could be the largest IPO for 2019 and one of the five biggest of all time. 💸
Uber would be worth $120 billion on the public markets, according to sources familiar on the matter. 📈🏦
🚗 Uber’s rival Lyft Inc. said Thursday that it had also submitted its prospectus for an IPO to the U.S. Securities and Exchange Commission.
Uber’s investors have long pushed it toward an IPO, which would free them and employees to sell their shares.
A total ban on both apps are scheduled to take place from Nov 12.
Great for groups and families with children.
SoftBank CEO, Masayoshi Son, is reportedly at the center of the discussions.
SoftBank has also revived talks about going private.
No sign of improvement in the short term.
A growing and untapped market opportunity.