Uber Embroiled In A Race To The Fair
Uber Embroiled in a Race to the Fair. The IPO of Uber Technologies Inc. has come to a step closer. The company behind the popular taxi app has filed confidential documents with the American stock market watchdog SEC for an IPO.
That’s what insiders say, according to the reports.
The registration with the SEC shows that Uber can already make an appearance on the stock exchange in the first quarter of 2019.
It can be one of the most significant stock market journals ever.
The estimate proposals that Uber has received show that the company can be valued at 120 billion dollars.
Uber has called the initial public offering ‘Project Liberty’, says one of the insiders.
Uber is in a race to the stock market entangled with competitor Lyft.
Like Uber, this company allows taxi services via an app that is carried out by independent drivers.
Lyft also has single bikes. The company is only active in the United States and announced Thursday to go to the stock exchange.
Investors evaluated Lyft in the last investment round at 15 billion dollars.