Deals
Uber Said to File for IPO
- Ride-hailing company could be the largest offering next year
- Bankers have said valuation could reach $120 billion
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Uber Technologies Inc. has joined rival Lyft Inc. in filing for an initial public offering, according to a person familiar with the matter.
Like Lyft, Uber this week submitted its IPO filing confidentially to the U.S. Securities and Exchange Commission, said the person, who asked not to be identified because the matter was private. Unlike Lyft, the larger of the two ride-hailing competitors didn’t announce the move.