Uber’s S-1 filing has arrived.
Posted on Thursday, the Securities and Exchange Commission filing shows increasing revenue for the ridehailing giant, at $11.27 billion in revenue in 2018, compared with $7.93 billion in 2017 and $3.85 billion in 2016.
It also reported shrinking, but still substantial losses of $1.847 billion in 2018, compared with $2.642 billion in 2017 and $2.517 billion in 2016.
Uber Technologies is shaping up to be the largest public offering of the year, with the ride-hailing firm seeking to raise $10 billion at a valuation of approximately $100 billion according to a recent Reuters report. U.S. rival Lyft (LYFT went public on Mar. 29, but has seen its share price sink 23% since then.
Uber’s filing did not include the number of shares to be offered, or its target price at IPO. It did share some details on other shares that would be in play for various insiders. It wrote that as of the end of 2018, there were “42.9 million shares of common stock outstanding issuable upon exercise of stock options… with a weighted-average exercise price of $9.08 per share.”
Uber plans to list on the NYSE under the ticker UBER.
