NYSE wins Uber, Pinterest listings
Updated : March 22, 2019 06:52 AM IST
NYSE has become the exchange of choice over NASDAQ for big technology companies in the past few years after NASDAQ famously bumbled the Facebook IPO with massive technology errors.
NASDAQ did score the IPO of ride-hailing firm Lyft Inc, which could reach or exceed a $23 billion valuation when it prices its shares March 28. Lyft will be the first internet player to kick off a string of hotly anticipated public debuts that will energize the IPO market after a quiet start to the year.
Uber, a global logistics and transportation company most recently valued at $76 billion in the private market, is seeking a valuation as high as $120 billion, although some analysts have pegged its value closer to $100 billion based on selected financial figures it has disclosed.