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Report: Uber to kick off IPO in April

Report: Uber to kick off IPO in April

Uber Technologies Inc. is planning to start its initial public offering in April, Reuters reported March 14, citing people familiar with the matter.

The San Francisco-based ride-hailing company will file its public disclosure and kick off its investor roadshow in April, according to Reuters.

Uber declined to comment when reached by S&P Global Market Intelligence.

The company filed confidential draft registration statements in December 2018 with the Securities and Exchange Commission.

Uber CEO Dara Khosrowshahi previously said he expected the company's IPO in the second half of 2019. According to previous research, Uber could have a $120 billion valuation.

Uber's rival Lyft Inc., also based in San Francisco, filed its public IPO registration with the SEC on March 1, according to SEC documents.

Lyft is reportedly aiming to go public in March or April with an expected valuation between $20 billion and $25 billion, Reuters previously reported. The company is expected to launch its roadshow in mid-March.