Just days before Lyft is set to go public on the NASDAQ, Uber has chosen the rival New York Stock Exchange for its own forthcoming IPO, according to Bloomberg ,
Uber, which is reportedly expected to file publicly in April, could hit the public markets at a valuation as high as $120 billion. That means Uber will bring the NYSE along for the ride on what will likely be the largest IPO of 2019.
Lyft, Uber's ride-hailing rival, is expected to start trading at the end of next week on the NASDAQ.
While all eyes are on Lyft as a test of the economy and public markets, its IPO is considerably smaller. Lyft is expected to price around or above $23 billion, the high end of the proposed valuation the company shared in an updated registration statement on Monday.
In addition to choosing different exchanges, the competing companies have taken steps to ensure they don't have too many of the same banks on their IPOs either, according to people familiar with the IPOs.
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