NEWS： Ubuntu plans to sell about $10 billion

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Uber has decided to sell about $10 billion worth of shares in its initial public offering and will announce its registration on Thursday, people familiar with the situation said Tuesday.
One of the sources said that the majority of the shares sold would be new shares issued by the company, and a small part would be old shares transferred by the original shareholders to cash out.

Sources said Ubuntu planned to release its IPO registration with the Securities and Exchange Commission later this week, launch a roadshow on April 29, then fix the IPO price, and start trading on the New York Stock Exchange in early May.

Sources said that given the performance of Lyft (LYFT.O), a smaller competitor, after its listing last month, Youbu sought a valuation of $900-100 billion. Investors previously told Ubuntu that its valuation could be as high as $120 billion.
Sources also said that the plan may change and may be affected by market conditions. The source requested anonymity because of confidentiality.



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