Uber IPO Financing Scale Is About 10 Billion US Dollars

Reuters quoted sources as saying that Uber Technology has decided to sell about $10 billion worth of shares in an initial public offering (IPO) and will announce its IPO prospectus on Thursday, starting an investment in the week beginning April 29. Roadshow, listed on the New York Stock Exchange in early May.

According to sources, Uber's IPO will seek a valuation of $90 billion to $100 billion due to the impact of Lyft's (67.44, -2.79, -3.97%) stocks after the IPO last month. Earlier, some investment banks expected Uber's valuation to reach $120 billion.