According to several media sources, the ride-hailing company Uber has filed a confidential IPO during last week. Its filing would be one of the biggest technology listings ever and would also test the market apetite during very volatile times.
Uber’s valuation in its most recent deals has been 76 billion dollars, and it could be worth 120 billion dollars in a listing IPO.
Uber´s lost in the third quarter was 1.07 billion dollars and the company is struggling with slowing growth.
According to New York Times, Uber´s rival Lyft would have also filed to the SEC during last week, but it is offering. The companies do not comment the situation.
Morgan Stanley and Goldman Sachs are Uber´s advisors in the IPO. JPMorgan Chase is the advisor for Lyft.