Uber Joins Lyft in Race to Tap Investors
Uber Technologies Inc. filed bureaucracy confidentially this week for its preliminary public providing, in accordance to other people acquainted with the subject, because it races with smaller rival Lyft Inc. to be the primary to marketplace.
The S-1 submitting with the Securities and Exchange Commission places Uber neck-and-neck with Lyft. Both deliberate IPOs are shaping up to be a number of the largest in a spate of choices aimed for 2019. Lyft stated Thursday it had filed its S-1, and other people acquainted with the subject have stated it’s aiming to debut in March or April.