Uber Technologies picks NYSE for its mega initial public offering in April

Uber Technologies has selected the New York Stock Exchange (NYSE) for its initial public offering (IPO), handing the exchange what could be one of the five biggest listings of all time, a person familiar with the matter said.

The ride-hailing giant is expected to publicly file for its offering in April, kicking off a listing that could value the company at as much as $120 billion. It is likely to be the biggest of the year, people familiar with the plans have said previously. At that valuation, Uber would only have to float about 16 per cent of its shares to