Uber to list on New York Stock Exchange, may reach USD 120 billion valuation

Uber Technologies is expected to list on the New York Stock Exchange in April, according to sources cited by Bloomberg.

Its rival Lyft is preparing to list on Nasdaq, which is where most other major tech companies are listed. The NYSE, however, has had some of the world’s biggest IPOs, including Alibaba and General Motors.

Uber’s valuation may be as high as USD 120 billion, and it is launching its IPO in a period when investors have shown strong appetite for new listings.