SoftBank Vision Fund and Alphabet are among the largest shareholders in Uber, which has filed for an offering that could value it at $100bn, a decade after it was founded.

US-based on-demand ride service Uber filed yesterday to raise up to $1bn in an initial public offering that will enable corporates including telecommunications firm SoftBank and internet technology group Alphabet to exit.

The company plans to float on the New York Stock Exchange, but the $1bn figure is a placeholder amount. Reports earlier this week suggested it would target $10bn at a valuation of up to $100bn.

Uber’s ride hailing platform has 91 million monthly active users and…

Robert Lavine

Robert Lavine is special features editor for Global Venturing.