Traffic makes its way down Seventh Avenue in New York's Times Square on May 5, 2017. Photo: AP Photo

Uber applies to raise capital in a 2019 initial public offering, in a race with its ride-hailing rival Lyft

  • Uber’s valuation in its most recent private financing was US$76 billion, and it could be worth US$120 billion in an IPO
  • Lyft filed its paperwork for an IPO last week
Topic |   IPO

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Traffic makes its way down Seventh Avenue in New York's Times Square on May 5, 2017. Photo: AP Photo
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