Uber has officially filed for an initial public offering (IPO), according to regulatory documents filed on Thursday.
The company’s long-awaited prospectus, which was filed confidentially in December, was made public for the first time on Thursday, providing the first public look into Uber’s investor pitch and its plans for future growth in ride-hailing, food delivery, self-driving cars, flying taxis, and more.
Uber will list on the New York Stock Exchange under the ticker symbol UBER, according to its prospectus. Morgan Stanley, Goldman Sachs, Bank of America Merrill Lynch, Barclays, Citigroup, and Allen & Company, among others, are underwriting the offering.
“Our continued success will come from stellar execution and the strength of the platform we have worked so hard to build,” CEO Dara Khosrowshahi said in a letter in the filing. “Our network spans tens of millions of consumers and partners and represents one of the world’s largest platforms for independent work.”
Source: Business Insider