Uber Is Said to File for an I.P.O. as It Races Lyft to a Public Debut [The New York Times]
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Source: The New York Times
Image Dara Khosrowshahi, the chief executive of Uber, which is racing its rival Lyft to the public markets. Credit Credit Brendan Smialowski/Agence France-Presse — Getty Images Dec. 7, 2018 SAN FRANCISCO — Uber confidentially filed paperwork on Thursday to go public, according to two people with knowledge of the matter, officially moving toward what is expected to be one of the biggest and most anticipated tech company stock market debuts ever. 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. Uber and Lyft declined to comment. The Wall Street Journal reported earlier that
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