Uber confidentially files for IPO: sources

© Reuters. FILE PHOTO: The Uber application is seen on a mobile phone in London© Reuters. FILE PHOTO: The Uber application is seen on a mobile phone in London

(Reuters) – Ride-hailing company Uber Technologies Inc filed paperwork confidentially this week for an initial public offering next year, three people familiar with the matter said on Friday, setting the stage for what would be one of the biggest listings ever.

Uber’s most recent valuation was $76 billion.

One person said the filing was on Thursday.

That put it in lock step with smaller rival Lyft Inc, which also on Thursday filed for an IPO in a test of investors’ appetite for some of the most highly valued Silicon Valley companies and for the ride-hailing business. Uber has become a wildly popular service but has an uncertain future with a number of loss-making businesses.

Uber Chief Executive Dara Khosrowshahi had told Reuters in May that the ride-hailing company was on track to launch an initial public offering next year.

The Wall Street Journal reported the filing earlier on Friday.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.