Money

Uber Making Possible Moves Toward An IPO

Posted on May 22, 2015

SAN FRANCISCO -- Uber Technologies Inc. is seeking a $1 billion credit line from banks, people familiar with the matter said, a move that could signal an eventual initial public offering. The car-sharing company has recently contacted a number of large banks asking them how much they would be willing to commit, and at what terms, to the loan, the people said.

Wall Street Journal article here

Related Topics: business expansion, business growth, finance, TNCs, Uber

Comments ( 1 )
  • Brian Levine

     | about 4 years ago

    Oh good. Then Uber can pay their drivers the back wages that are owed to them.

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