Uber Makes Confidential Filing for Long-Awaited IPO

Uber Makes Confidential Filing for Long-Awaited IPO
Uber offers drivers a way to make extra money, but that can come with a high price in terms of mental well-being. AP/Seth Wenig
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NEW YORK/SAN FRANCISCO—Uber Technologies Inc. has filed paperwork for an initial public offering, according to three people with knowledge of the matter, taking a step closer to a key milestone for one of the most closely watched and controversial companies in Silicon Valley.

The ride-hailing company filed the confidential paperwork on Dec. 6, one of the sources said, in lock-step with its smaller U.S. rival, Lyft Inc., which also announced on Dec. 6 it had filed for an IPO.