Uber Files Papers for IPO and May Buy Bird or Lime Scooter Company
Monday, December 10, 2018
The New York Times is reporting that on Thursday Uber confidentially filed paperwork on Thursday to go public.
The Times cites “two people with knowledge of the matter.”
The Uber IPO is expected to be one of the biggest in history — even during a period of market unrest.
GET THE LATEST BREAKING NEWS HERE -- SIGN UP FOR GOLOCAL FREE DAILY EBLAST“The ride-hailing company filed its paperwork with the Securities and Exchange Commission on the same day that its rival Lyft also filed for an offering, said the people, who requested anonymity because they were not authorized to speak publicly. Each company is rushing to beat the other to the public markets in the first half of next year amid a fair climate for technology I.P.O.s and worries of a potential economic recession,” reports the Times.
Uber's CEO Dara Khosrowshahi is a grad of Brown University.
According to multiple press reports, Uber is also racing to try and purchase one of the two emerging scooter companies Lime of Bird — both can be seen on the streets of Providence. Uber is trying to complete a scooter deal quickly — a deal could take place as soon as by the end of the year. In June it was reported by Mashable that Birds’ valuation was $2 billion.
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