Uber is looking to emerge into the stock market with style.
Ride-hailing company Uber Technologies is planning to go public at the New York Stock Exchange sometime next month, and according to analysts, it may have one of the biggest Initial Public Offerings (IPOs) in the entire US stock market history.
Analysts predict that by the time Uber finally goes public, it will be worth more than $120 billion – an amount so big that even just 16% of it could break into the NYSE’s biggest IPOs of all time. Currently, the top spot goes to Alibaba, who opened at $20 billion back in 2014.
Uber has been in an IPO race with its smaller competitor, Lyft, another ride-hailing service company. Uber’s valuation has always been estimated to be much higher than Lyft, but Lyft seems to be faster in terms of actually going public.
Uber initially said that it would be going public in late 2019, but the date had been moved to the first half of the year. Meanwhile, Lyft has just gone public earlier today at NASDAQ, valuing at roughly $20 billion.
