The filing with the U.S. Securities and Exchange Commission revealed Uber had 91 million average monthly active users on its platforms, including for ride-hailing and Uber Eats, at the end of 2018. Uber had not disclosed the latest user numbers before, and the figure indicates the scale of the business. Uber set a placeholder amount of Sh 100 billion ($1 billion) but did not specify the size of the IPO. Reuters reported this week that Uber plans to sell around over Sh1 trillion ($10 billion) worth of stock at a valuation of between Sh 9 trillion ($90 billion) and Sh 10 trillion ($100 billion). After making the public filing, Uber will begin a series of investor presentations, called a roadshow, which Reuters has reported will start the week of April 29.

Source: Standard Digital April 12, 2019 11:37 UTC