Uber Reportedly Files for IPO, One Day After Lyft

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The Journal, citing unnamed sources familiar with the matter, said that Uber could go public as soon as the first quarter, while Lyft is targeting its market debut for March or April 2019. Uber has raised a whopping $18 billion from investors since 2010.

Uber, the ipo internal "Project Liberty", says one of the insiders at The Wall Street Journal.

The IPO will be a test of public market investor tolerance for Uber's legal and workplace controversies, which embroiled the company for most of previous year, and on Chief Executive Dara Khosrowshahi's progress in turning around the company.

No withstanding the excessive hype, Uber faces the stiff challenge of overcoming the concerns of the investment community well before its IPO hits the market. The company is only in the United States is active and made Thursday announced to the stock exchange to steps. Investors are also looking for an exit from the ride-hailing unicorn.

Uber is already the largest of the venture-backed "unicorns" valued at more than $1 billion, which until recently was considered rare without tapping stock markets.

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Uber, which operates in over 60 countries, is in a race with Lyft to be the first to enter the market. This was the first time that Uber had revealed the numbers of its food delivery business.

"In 2018, our tech teams grew by 150% and we are focused on doubling down again in 2019", Apurva Dalal, Head of Engineering, Uber India, said in a statement.

IPOs next year by Uber and Lyft would only be part of a roster of possible US tech mega-listings. The local taxi industry had provided to the emerging US competitor, contrary to; in a landmark decision, the regional court in Frankfurt had held that a Service of Uber, the rides, with private people in their own cars, the competition was illegal. The vehicle manufacturer Toyota has invested only in August of $ 500 million in the transport service intermediaries.

Lyft presents other risks, including unresolved questions about its workforce of independent contractor drivers.

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