According to the recent stock debut reports, Uber has picked up the New York Stock Exchange for public listing. Uber made the decision to pick Wall Street exchange rather than Nasdaq which is heavily influenced by tech stocks, Bloomberg reported.
The ride-hailing giant took the decision right after the smaller competitor Lyft decides to get listed on Nasdaq. Financial experts believe that Uber will launch its Initial Public Offering (IPO) in April which could value as much as $120 billion or £91.4 billion.
However, the ride-hailing giant didn’t respond to the requests seeking comments on the recent reports to go public on the New York Stock Exchange.
The major tech companies including Google, Facebook, Apple and other trade on Nasdaq, it is heavily influenced by tech stocks, but Uber has picked a different stock exchange to offer its IPO, the New York Stock Exchange trades some world-renowned IPOs including General Motors and Alibaba.
According to BBC, Uber is responding well to investor’s demand for new stock listing, shares in Levi Strauss surged on its way back to the stock market after 34 years. According to the analysts, the listings going well for the investor appetite for the stocks planned this year including Uber, Airbnb, Slack, and Pinterest. Despite so many controversies, Uber is still a company with strong growth capabilities, the company might get even stronger after it gets listed on the New York Stock Exchange.