Uber Technologies Inc. officially filed for an initial public offering with the Securities and Exchange Commission on Thursday afternoon, setting up one of the most anticipated Silicon Valley IPOs since Facebook Inc. FB, -0.17%
Uber did not list a targeted price for shares, putting in a placeholder target of $1 billion for total amount the San Francisco company seeks to raise. Reports this week stated that Uber expects to raise about $10 billion at a valuation of roughly $100 billion, but there is not enough information in the initial filing to support that information.
The Uber offering is being led by Morgan Stanley and Goldman Sachs, two of 29 banks listed as underwriters on the offering. The company expects to eventually list shares on the New York Stock Exchange under the ticker symbol UBER.
