BREAKING: Uber has filed to go public in what could be the biggest IPO in years
Uber will list on the New York Stock Exchange under the ticker symbol UBER, according to its prospectus. Morgan Stanley, Goldman Sachs, Bank of America Merrill Lynch, Barclays, Citigroup, Allen & Company, among others are underwriting the offering.
Uber did not disclose in the filing the price at which it plans to list, though the company's public valuation could easily top that of earlier venture capital rounds, especially given that Lyft's offering last week was over-subscribed. That massive amount of capital raise over the past decade has helped Uber to cover most of the world's cities in more than 60 countries, compared to Lyft's much narrower focus on the US and Canada.Those funding rounds have also helped subsidize a massively unprofitable ride-hailing business while also investing in other ventures in notoriously expensive self-driving car research.
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