The question for the past few years has been when Uber will be going public, not if, and it appears that merely days after Lyft filed paperwork to go public in the United States, Uber did the same. According to a new report, Uber has confidentially filed for an IPO with the Securities and Exchange Commission.
The Wall Street Journal reports that Uber filed confidentially for an IPO on Friday, just two days after Lyft filed paperwork ahead of an IPO in the U.S. as well.
It goes without saying that this will be one of the most highly anticipated tech IPOs of the decade. Uber’s recent private market valuation was nearly $72 billion and the company reportedly thinks that the market will value it at a whopping $120 billion. That’s an impressive feat when you consider the fact that the company has only been around for a decade.
It has raised billions in debt and equity funding along the way with SoftBank being one of the largest shareholders in the company. Other key backers include the likes of Toyota which pumped in $500 billion in Uber just a few months ago.
Uber has not officially commented on the matter as yet and likely won’t be doing so until such time that the ground is set to publicly announce its initial public offering.
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