Uber "Selects New York Stock Exchange" for Registration

According to reports, the Uber brokerage firm, Uber, will be listed on the New York Stock Exchange among the most anticipated securities of its year.

The decision to switch to Wall Street's Nasdaq exchange, a state-of-the-art site, was first reported by Bloomberg, citing sources.

He is preparing to appear on the Nasdaq.

Uber is expected to launch its initial public offering (IPO) in April and its value could reach $ 120 billion (91.4 billion pounds sterling).

The company did not immediately respond to a request for comment on the reports it would list on the New York Stock Exchange.

Other major technology companies, including Google, Apple and Facebook, are trading on the Nasdaq.

But the New York Stock Exchange has secured some of the largest IPOs in the world, including Alibaba and General Motors.

The IPO of Uber comes as investors show a keen interest in the new lists of securities.

The action in denim icon Levi Strauss has seen a sharp rise after 34 years back on the stock market. The price skyrocketed immediately after the opening of Wall Street – and closed up 31.8% – valuing the company at $ 8.7 billion.

Analysts said the success of the listing bodes well for investors for other floats this year, including Pinterest, Airbnb, Slack and Uber.

Disruptive force

Uber has been controversial for disrupting the taxi industry in more than 60 countries.

It continues to face the opposition of private drivers and regulators in several jurisdictions.

The company specializing in taxi taxis has also been the subject of lawsuits in the United Kingdom and the United States for clbadifying drivers as independent contractors rather than as workers.

A series of scandals targeted Uber in 2017, including complaints of badual harbadment by female employees, data breaches, the use of illicit software to thwart government authorities and the forced resignation of its managing director, Travis Kalanick. .