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Ride-hailing company Uber Initial Public Offering is coming in April

The long wait is over! The transportation network Uber is planning to commence its long-planned Initial Public Offering (IPO) in April.

Uber privately filed its S-1 documents with the Securities and Exchange Commission (SEC) in December last year. Uber’s CEO Dara Khosrowshahi, together with Uber’s investors, thinks that its time for the company to go public. This is a different approach from the former CEO Travis Kalanick, who tried to delay the offering as long as possible.

Going public helps raise capital and expand the business. Uber, which was currently valued at $76 billion in the private market, could be valued at $120 billion once listed. The capital raise could be over $20 billion.

Uber’s public offering will be more than just raising money, it also means adding a share trading service company to Uber.

The new CEO Khosrowshahi has been working hard to recreate the brand. His experience and expertise in managing a company have brought many changes in the company, especially with its corporate culture.

Uber’s IPO, following its rival Lyft who first launched its own public offering, is one of the most anticipated public offering and one of the largest in history surpassing Facebook in 2012 with $104 billion and Google with $23 billion in 2004.

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