Ride-hailing company Uber will be planning to kick off its initial public offering in April, putting This kind of close on the heels of its smaller rival Lyft, people familiar with the matter said on Thursday.
Next month, Uber will issue its required public disclosure, known as an S-1, in addition to also also launch its investor roadshow, the people said.
The IPO will be likely to be one of the biggest technology debuts. The Wall Street Journal previously reported in which proposals for Uber’s IPO valued the company at $120 billion.
The timing for Uber’s IPO means This kind of will most likely be hitting the public markets soon after Lyft completes its own public offering, which will be likely to happen by the end of March, people familiar with the matter said.
Uber in addition to also also Lyft join quite a few tech companies likely to go public This kind of year, including Slack, Pinterest in addition to also also Palantir.
Uber declined to comment.
–SouthIndianNews.com contributed to This kind of article.