The corporate-backed ride hailing service intends to seek a valuation of up to $100bn in its initial public offering and plans to officially file tomorrow.
US-based ride hailing platform Uber, which counts several corporates as investors, plans to file for an initial public offering with a $10bn target, Reuters reported yesterday, citing people familiar with the matter.
The company intends to file for the offering tomorrow with a view to going public in early May, and will look to float at a valuation between $90bn and $100bn, according to the sources. Investment bankers had predicted a possible valuation of up to $120bn in October…
