Uber Technologies files for IPO
Uber Technologies Inc (NYSE:Uber) filed an S-1 form Thursday with the Securities and Exchange Commission after the closing bell, setting the stage for the transportation company to go public next month.
This comes just weeks after ride-share rival Lyft Inc’s (NASDAQ:LYFT) high-profile debut on the public market.
READ: How UK investors can trade Uber’s upcoming US$100bn IPO
Uber will be listed on the New York Stock Exchange under the symbol “Uber.”
In February, Uber disclosed $3 billion in fourth quarter 2018 revenue with rising operating losses. Year over year, Uber’s gross bookings increased 37% and revenue increased 24%.
Contact Uttara Choudhury at [email protected]
Follow her on Twitter: @UttaraProactive
Story by ProactiveInvestors
Source: https://www.proactiveinvestors.com/companies/news/218447/uber-technologies-files-for-ipo-218447.html
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