Uber files with SEC to go public in the year’s most anticipated tech IPO

Ride-hailing service Uber filed documents Thursday to go public. The company will list on the New York Stock Exchange as UBER. By Faiz Siddiqui Faiz Siddiqui Local reporter covering the D.C. Metro, Uber and Lyft, and transit-oriented tech start-ups Email Bio Follow April 11 at 5:18 PM Uber filed documents Thursday to take the ride-hailing giant public, in what was the most anticipated debut in a year of high-profile technology stock-exchange listings.

In documents released Thursday, Uber said it operates in more than 700 cities. It said its revenue last year rose 42 percent to reach $11.3 billion, with $1 billion in profit, derived from selling some of its overseas businesses. Its operating losses last year totaled $1.8 billion.

Lyft went public with a relatively strong operating position in the wake of the viral #DeleteUber campaign, and it claimed to hold about 40 percent of the U.S. market share. But Lyft’s shares have fallen starkly since opening at $72 in late March, closing at just over $61 Wednesday, which have raised investor concerns about the sustainability of the ride-hailing model.

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Uber has filed to go public in what could be the biggest IPO in yearsLyft, the company's biggest competitor, has seen it's stock fall more than 23% since it began trading in late Match. clusterstock Who’d be that stupid to buy shares in Uber? Here is one my artworks . If you like this and need one like them, then please contact - portrait caricature Vector minimalist headshots Avatar oilpainting Apparently they are no more comfortable with rising profile lyft in the market
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