At US$10 billion, Uber’s listing to be largest since Alibaba’s in 2014

//At US$10 billion, Uber’s listing to be largest since Alibaba’s in 2014

At US$10 billion, Uber’s listing to be largest since Alibaba’s in 2014

Uber Technologies has decided it will seek to sell about US$10 billion worth of stock in an initial public offering, and will make public the registration of the offering on Thursday, people familiar with the matter said on Tuesday.A listing of this size will make Uber’s one of the biggest technology IPOs of all time, the largest since that of Chinese e-commerce giant Alibaba Group Holding, which owns the South China Morning Post, in 2014.Uber is seeking a valuation of between US$90 billion and…

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By | 2019-04-10T03:01:21+00:00 April 10th, 2019|Business|Comments Off on At US$10 billion, Uber’s listing to be largest since Alibaba’s in 2014