Uber Technologies company which is behind the popular application for taxis, aims to list at the New York Stock Exchange (NYSE). An official IPO announcement may take place in April.

Perhaps it will be the largest IPO this year, as well as one of the largest in history, with a total estimated value of the company at 120 billion dollars. Uber only needs to make 16 percent of its shares available for public trade to be among the largest on the stock market.

If Uber chooses the NYSE, it deviates from rival Lyft’s plans, which will be included in the Nasdaq next week. Many tech giants, such as Google from Alphabet, Microsoft and Apple, are listed on the Nasdaq. But after the complicated Facebook IPO in 2012, many large companies chose NYSE instead. These include, for example, Alibaba, Twitter, Snap and Spotify.

The fact that CEO Nelson Chai of Uber held an important position on NYSE also played a role, and Director John Thein was Executive Director from 2004 to 2007. NYSE is owned by the Intercontinental Exchange.

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