Mar 22, 2019

Uber 'picks New York Stock Exchange' for stock listing

Ride-hailing firm Uber will list on the New York Stock Exchange, according to reports, in one of the most anticipated stock debuts of the year. The company did not immediately respond to a request for comment on the reports it would list on the New York Stock Exchange. The New York Stock Exchange has secured some of world's biggest IPOs including Alibaba and General Motors. Uber's IPO come as investors have shown strong appetite for new stock listings. The price shot higher immediately after Wall Street opened - and closed up 31.8% - valuing the company at $8.7bn. Analysts said the success of the listing bodes well for investor appetite for other flotations planned this year, including Pinterest, Airbnb, Slack and Uber.

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