Uber Expects an IPO to Happen in April

One of the most anticipated initial public offerings has been that of ride hailing service Uber.
According to sources who spoke to Reuters, Uber is planning on releasing its S-1 filing, a required public disclosure, and begin its IPO show next month.

The company’s IPO is expected to be one of the largest tech IPOs in history and proposals for the company’s offering have been valued at around $120 billion says the Wall Street Journal.

Rival Lyft Inc. is also expected to have its IPO around the same time and has already released its S-1. Lyft estimates its value to be between 20 and 25 billion dollars.

From its S-1 Filing Lyft mentions their market and states, “Singular Focus on Transportation.
Transportation is not simply a massive market opportunity, but also an extremely complex problem demanding complete commitment and thoughtful execution. We are singularly focused on revolutionizing transportation. This enables us to continually address the needs of a diverse and evolving user base through innovative offerings, scale our user network and grow our market share. We believe that this focused approach is critical to truly leading and winning the TaaS market.”

According to the sources, Uber’s IPO will most likely hit soon after Lyft completes its IPO which is expected to happen at the end of the month.

Uber declined to comment.