BREAKING NEWS

BREAKING NEWS

Exclusive: Uber plans to kick off IPO in April - sources

Exclusive: Uber plans to kick off IPO in April - sources
FILE PHOTO: Uber's logo is displayed on a mobile phone, September 14, 2018. REUTERS/Hannah Mckay/File Photo -
@ Copyright :
Hannah Mckay(Reuters)
Text size Aa Aa

By Carl O'Donnell and Heather Somerville

(Reuters) - Ride-hailing company Uber Technologies Inc is planning to kick off its initial public offering in April, putting it close on the heels of its smaller rival Lyft Inc, people familiar with the matter said on Thursday.

Next month, Uber will issue its required public disclosure, known as an S-1, and launch its investor roadshow, the people said.

The timing for Uber's IPO means it will most likely be hitting the public markets soon after Lyft completes its own public offering, which is expected to happen by the end of March, people familiar with the matter said.

Uber declined to comment.

(Reporting by Carl O'Donnell in New York and Heather Somerville in San Francisco; additional reporting by Greg Roumeliotis in New York; Editing by Meredith Mazzilli)

euronews provides breaking news articles from reuters as a service to its readers, but does not edit the articles it publishes. Articles appear on euronews.com for a limited time.