Under the leadership of founder Travis Kalanick, Uber was reluctant to go public because of the high underwriting costs and financial scrutiny involved in the process.
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.
Uber and Lyft, ride-sharing companies which represent direct competitors in the industry of getting a quick and cheap ride anywhere in the world where Lyft and Uber applications are supported, have submitted their IPO filings to the Securities and Exchange Commission at the end of 2018 around the same time.
Lyft, meanwhile, is said to be seeking a valuation of US$20-25 billion, up from its US$15 billion valuation as a private company.
Uber reportedly saw $11.3 billion in revenue previous year and a loss of $3.3 billion. But the company lost $3.3 billion, excluding gains from the sale of its overseas business units in Russian Federation and Southeast Asia.
Uber Chief Executive Officer Dara Khosrowshahi will be tasked with convincing investors that he has successfully changed the company's culture and business practices after a series of embarrassing scandals over the last two years.
Lyft's revenue for a year ago was $2.2 billion, with $8.1 billion in gross ride bookings. The company lost $US911 million.
Investors including Japanese technology giant Softbank are closing in on a deal to invest up to $1bn (£750m) in Uber's self-driving vehicle business. Uber's business is much larger and more diverse than Lyft's, however.
It could also help underscore Uber's value as the ride-hailing firm prepares for a stock market debut. Taking on large investors that will influence a key business is an unusual move for a company so close to an IPO.
No Man's Sky Beyond Expands The Game's Multiplayer
In the press release, Murray said that each update to No Man's Sky has been more successful than the last, Next especially so. At one time, Hello Games planned to release three, future updates as part of the Beyond expansion.
Apple Music Now Works on Amazon Fire TV
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Bernie Sanders left with stitches after bathroom scare
If a majority of workers sign them, the union presents those cards to the employer so that the employer will recognize the union. Trump in the next presidential race, making him among the latest additions to an already lengthy list of White House hopefuls.
Mass shootings at NZ mosques kill 49; man charged
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Android AV apps don't work
According to Check Point's Research and Development Manager Jonathan Shimonovich, Google reacted very fast to the discovery. As of May 1, new apps submitted to the Google Play Store will not be accepted if they don't follow the new icon guidelines.
Manchester City in UEFA Champions League
Ajax last won the Champions League in 1995, while Manchester United last won in 2008 and Juventus most recently won in 1996. And they face another highly charged away leg this time, with Spurs aiming to stage their home tie at their new stadium.