Uber Seeks Valuation of Up to $100 Billion in IPO – Report

Ride-sharing company Uber Technologies is set to tap the markets with a $10 billion initial public offering, according to a report from Reuters.

The stock sale, which would rank among the largest IPOs in history, could value the company at up to $100 billion, the report stated.

The necessary government filings, which are expected to be made Thursday, come just weeks after the company’s smaller rival Lyft (LYFT had a disappointing offering in March. Lyft was priced at $72 a share but recently was trading around $67.

Uber has had a rocky couple of years amid concerns over the company culture. And despite revenue of $11.3 billion last year, Uber lost a staggering $3.3 billion.

The investor roadshow is expected to begin the week of April 29.

How investors receive the Uber offering will no doubt be closely watched by Wall Street after the somewhat muted reception of Lyft late last month.

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