Uber to list shares on NYSE in blockbuster IPO

Uber will list its shares on the New York Stock Exchange in what is expected to be the biggest initial public offering of the year, according to two people familiar with the matter.

The US ride-hailing company is expected to make its paperwork public as soon as April for a listing that bankers and investors think could value it at more than $100bn.

In choosing NYSE, Uber is going to the home of some of the biggest IPOs in history, including Alibaba, General Motors and Visa.

While previous generations of technology companies such as Google and Apple chose rival Nasdaq, technical problems with Facebook’s 2011 listing have shifted the tide in NYSE’s favour. The Big Board has boosted its share of recent marquee tech listings, including Spotify, Snap and Twitter.

Uber also has close connections with NYSE: its chief financial officer, Nelson Chai, was formerly finance chief at the exchange, and John Thain, an Uber board member, was once NYSE’s CEO.

Uber’s IPO is one of a number of hotly anticipated Silicon Valley listings expected in the coming months. Its smaller US rival Lyft plans to list its shares on Nasdaq next week.

Uber declined to comment. The choice of exchange was first reported by Bloomberg.

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