Uber is expected to seek $10 billion in IPO

Uber is expected to seek $10 billion in IPO

5 years ago
Anonymous $syBn1NGQOq

https://techcrunch.com/2019/04/10/uber-is-expected-to-seek-10-billion-in-ipo/

Uber is reportedly making its S-1 publically available tomorrow, according to Reuters. According to the IPO paperwork, Uber will sell around $10 billion worth of stock, Reuters sources say. If true, Uber’s IPO would be one of the G.O.A.T. (greatest of all time) in the tech industry since Alibaba’s 2014 IPO.

While previous reports have pegged Uber’s valuation at around $120 billion, Uber is reportedly seeking a valuation of between $90 billion and $100 billion. That decrease is reportedly influenced by Lyft’s performance on the public market. Still, that valuation is higher than its last valuation of $76 billion following a funding round.