Uber Gets Set to File IPO

The wait appears to be finally over for the world’s most dominant ride-sharing company to launch its initial public offering.

Reuters reported today that Uber Technologies plans to begin its IPO quest this April, citing persons familiar with Uber’s plans.

Uber will issue a public disclosure statement, or an S-1 in April. This is a requirement for companies going public. After this formality, it will kick off its investor roadshow. It is not yet known where it will trade (NYSE or NASDAQ) or what its ticker symbol will be when it opens.

Uber is pegged at a $76 billion valuation. Some analysts say its worth could be as high as $100 billion.

Uber’s IPO moves comes just days after its competitor in the ride-sharing business, Lyft, launched plans for its own IPO. Lyft is looking for a smaller haul from its IPO, with a $20-$25 billion valuation.

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