Uber and Lyft apply for IPO at the same time

Uber Technologies submitted a confidential application for an initial public offering of the Company on the exchange. This is reported by The Wall Street Journal and Reuters.

One of Reuters’ persons reports that the company applied documents to the US SEC on Thursday, December 6. On the same day, Lyft, Uber’s main competitor, announced an application for IPO.

According to the WSJ, Uber may conduct IPO already in the first quarter of 2019, and Lyft scheduled IPO in March or April.

Uber’s IPO can be the largest IPO in 2019 and one of the five largest IPOs for all the time, Bloomberg notes. According to the WSJ, the investment banks Goldman Sachs and Morgan Stanley, which provide advice services for Uber on public offering, expect the Company to enter the stock market at an estimated $120 billion. In August 2018, Uber was estimated by investors at $76 billion.