That's according to a report late Friday in the Wall Street Journal.
The ride-hailing giant filed the confidential paperwork on Thursday, according to one source, to lock horns with its smaller rival Lyft, which also filed the confidential paperwork for IPO nearly on the same day.
Uber hasn't publicly confirmed its IPO plans, and there is no indication yet of the number of shares that might be issued or when it would list. This potentially means that Uber may not be patient enough to wait for second half of the next year to launch its IPO.
This story is developing.
The ride-hailing company's filing places Uber in a race with Lyft to the public market, with the two IPOs predicted to be among the biggest in 2019. For example, Uber lost $1.07 billion in the third quarter, this year, and continues to struggle in terms of growth, even though its gross bookings reflect a company of larger scale (at $12.7 billion).
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After 45 minutes of running around without a positive result, Emery didn't think twice before he hauled him off the pitch during the mid-way break.
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The company is valued at around $15 billion United States, given the most recent private investment information, Reuters said. According to the business analysts if the Lyft decides to go public, then the market valuation of it will be 30 billion dollars which are quite low as compared to Uber's valuation.
The transition to becoming publicly traded is likely to reshape both companies and the ride-hailing market they pioneered in the US, bringing greater pressure from shareholders to be profitable and requiring more transparency.
Uber operates in more than 70 countries, while Lyft is in the U.S. and Canada, although the smaller company is plotting a global expansion.
Uber had 69% of the US market, while Lyft had 28% as of October, according to Second Measure, which tracks credit-card spending data. Uber has also worked to expand into other segments such as food delivery, scooter rentals, and more. But, it will be interesting to see how the investors are going to value the company by considering its prospect.
Earlier this year, Lyft said it had 35 percent of the USA ride-hailing market. That company offers like Uber through an app and taxi services by self-employed drivers to be performed.