Uber Technologies has confidentially filed paperwork with the Securities and Exchange Commission for an initial public offering this week, according to two people familiar with the matter, in what is expected to be one of the most hotly anticipated tech company stock market debuts of 2019.
The company filed earlier this week, according to the people, who requested anonymity because they were not authorized to speak publicly, on the same day that its rival Lyft filed its paperwork with the S.E.C. The two companies are rushing to beat each other to public markets in the first half of this year in an attempt to list their shares amid a fair climate for technology I.P.O.s and worries of an impending economic recession.
An Uber spokesman declined to comment. Lyft also declined to comment.
The Wall Street Journal had earlier reported that Uber had filed its public offering documents.