Uber is Driving Toward an IPO
Posted on 04/10/2019
San Francisco-based Uber Technologies Inc, the ride hailing company, revealed plans to raise US$ 10 billion for its initial public offering. A possible listing is slated for early May.
Uber could have a valuation exceeding US$ 100 billion. Uber is backed by many investors, including Saudi Arabia’s Public Investment Fund (PIF).
