Uber plans to kick off IPO in April

Uber planning to kick off its initial public offering in April Report

The deal would value Uber's Advanced Technologies Group at $US5 billion to $US10 billion, the source said.

Ride-hailing services giant Uber Technologies is planning to kick off much-anticipated initial public offering in April, Reuters reports, citing people familiar with the matter.

They said the timing for Uber's IPO likely means it will take place after Lyft completes its own IPO.

Uber's business operates in more than 70 countries and includes not only ride-hailing but also bike- and scooter-rentals, freight hauling, food delivery and an expensive self-driving vehicle division. Analysts said it's plainly obvious competitive reasons are behind Uber's advancing its IPO by half a year. On the other hand, going public is expected to net about $25 billion for Lyft.

As for SoftBank's investment in Uber specifically, the company is expected to nearly double its investment when Uber goes public in the coming months.

It could also help underscore Uber's value as the ride-hailing firm prepares for a stock market debut.

Japan's largest automaker Toyota injected $500 million into Uber past year to work on self-driving cars, where both companies are seen as lagging rivals like Alphabet's self-driving unit Waymo.

Police increase train patrols for Wolves FA Cup crash
That has proved a popular move with supporters, who believe part of the club's identity involves the promotion of young players. ET on ESPN+), Solskjaer has sided with Jurgen Klopp and said he will not be prioritising one competition over another.

Lyft got its IPO party rolling earlier this month by filing its Form S-1 with the SEC.

Lyft's revenue for a year ago was $2.2 billion, with $8.1 billion in gross ride bookings.

The investment is said to provide an inflow of cash for Uber's self-driving program, which is costing the startup to lose hundreds of millions without making any revenue.

A woman uses the Uber app on an Samsung smartphone.

Lyft's 1.1 million drivers in North America ferried over 18.6 million "active riders" from October to December 2018. It operates in about 300 U.S. cities and also expanded into Canada in 2017. It remains confident of attaining a valuation as high as $120 billion.

Uber has recently been valued at United States dollars 76 billion in the private market and is seeking a valuation as high as USD 120 billion.

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