Uber looks to raise about $10 bln in IPO, seeks valuation of $100 bln: reports
Uber Technologies is looking to offer around $10 billion worth of stock in its initial public offering, with most of the shares being sold directly by the company, according to multiple media reports. The ride-hailing company is seeking a valuation of up to $100 billion after the IPO, the reports say, which would make it the biggest IPO this year. In comparison, rival Lyft Inc. LYFT, -3.97% which went public on March 29, raised $2.2 billion in its IPO.
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