Exclusive: Uber plans to kick off IPO in April – sources

Technology

FILE PHOTO: Uber’s logo is displayed on a mobile phone, September 14, 2018. REUTERS/Hannah Mckay

(Reuters) – Ride-hailing company Uber Technologies Inc is planning to kick off its initial public offering in April, putting it close on the heels of its smaller rival Lyft Inc, people familiar with the matter said on Thursday.

Next month, Uber will issue its required public disclosure, known as an S-1, and launch its investor roadshow, the people said.

The timing for Uber’s IPO means it will most likely be hitting the public markets soon after Lyft completes its own public offering, which is expected to happen by the end of March, people familiar with the matter said.

Uber declined to comment.

Reporting by Carl O’Donnell in New York and Heather Somerville in San Francisco; additional reporting by Greg Roumeliotis in New York; Editing by Meredith Mazzilli

Articles You May Like

Anticipation grows ahead of Federer’s return to Paris
City of London plans to cut speed limit to reduce pollution
More tornadoes, hail, heavy rain in store for U.S. southern plains
Rihanna launches new fashion brand in Paris with LVMH
Hundreds gather at U.S. Supreme Court to protest state abortion bans as step backward

Leave a Reply

Your email address will not be published. Required fields are marked *