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Uber has confidentially filed to go public

Uber has confidentially filed to go public
Richard Drew/AP



Uber has confidentially filed paperwork to hold its long-awaited IPO next year, reports the Wall Street Journal.




This comes a day after word got out that Lyft, the company's perennial rival in car-hailing services, made its own IPO filing.




Uber was last privately valued at $76 billion, and the Journal reports that it could go public with a market cap of $120 billion.



Uber has confidentially filed an S-1 document in preparation to hold its long-awaited IPO, according to a report from The Wall Street Journal.
Uber has previously been valued privately at as much as $76 billion, and its advisers reportedly say it may go public with a market cap of as much as $120 billion. According to the Journal, Uber might go public "as soon as the first quarter." Internally, Uber is referring to the IPO planning process as "Project Liberty."
A spokesperson for Uber declined to comment.
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