Uber seeking ‘about $10bn’ in the biggest IPO of the year
Ride-hailing company’s initial public offering filing with the US Securities and Exchange Commission to provide the first complete look at its numbers and operations
Investors could get their first look at hundreds of pages of detailed information about Uber Technologies as soon as Thursday, as the ride-hailing giant gears up to publicly file for an initial public offering (IPO). The global ride-hailing company will kick off a road show to market shares to potential investors this month and would begin trading publicly in May, said people familiar with the matter, who asked not to be identified because the information is private. Uber is seeking to raise about $10bn, one of the people said. The offering is expected to be the largest US IPO in 2019 and among the 10 largest of all time. While Uber has released partial financial results for years, its IPO filing with the US Securities and Exchange Commission (SEC) will provide the first complete look at its numbers and operations. Prospective investors are hungry for the minutiae, and they are now armed with ride-hailing rival Lyft’s March listing as a reference point for picking apart Uber’s busin...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.