web tracker
Sinhala

It’s NYSE for Uber

Uber will be listing on New York Stock Exchange, according to reports, in one of the most expected stock debuts of the year.

Sources reveal that the ride hailing app choose the Wall Street exchange over the tech-heavy NASDAQ.  

Uber is anticipated to launch its initial public offering (IPO) in April and may be valued as high as USD 120 billion.

Other major technology companies including Google, Apple and Facebook trade on the NASDAQ.

The New York Stock Exchange has held some of world’s biggest IPOs including Alibaba and General Motors.

Analysts said the success of the listing is good for for investor craving for other launches planned this year, including Pinterest, Airbnb, Slack and Uber.

Facebook Comments
error: Content is protected !!