Reuters reports, citing sources familiar with the matter, that the transportation services company filed documents with the SEC for its expected IPO.
According to TechCrunch, the paperwork was confidentially filed last Thursday which was two days after its main competitor, Lyft, also filed confidentially for an IPO.
Uber was founded in 2009 and has raised $24.2 billion to date. According to the Wall Street Journal, the company could potentially be valued up to $120 billion.
TrueCar Acquires DealerScience
The digital automotive marketplace announced that it has acquired DealerScience, a leading provider of advanced digital retailing software tools.
As part of the deal, DealerScience will operate as a subsidiary of TrueCar and will focus on “product development, sales and customer training”.
Terms of the deal were not disclosed.
Apple Watch Launches Features to Analyze its Users Heart Health
The multinational technology company announced that its Apple Watch product now “enables customers to take an electrocardiogram right from their wrist, capturing heart rhythm in a moment when they experience symptoms like a rapid or skipped heart beat”.
According to a company press release, with the new ECG app and irregular heart rhythm notification, “Apple Watch can now also occasionally check heart rhythms in the background and send a notification if an irregular heart rhythm that appears to be atrial fibrillation is identified”.
The feature is available in the United States as part of a free update to the latest version of watchOS.