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Report: Uber to sell $10B worth of stock in IPO

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Ride-hailing company Uber intends to sell some $10 billion worth of stock in its initial public offering, people familiar with the matter told Reuters.

That would make Uber's IPO the largest since Alibaba in 2014.

The company is seeking a valuation of up to $100 billion, the sources said, after the lackluster launch of competitor Lyft's IPO last month.

Read more from Reuters.


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