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Uber confidentially files for an IPO at the same time as rival Lyft

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After talks of its much-awaited IPO, Uber, the San-Francisco based ride-hailing giant, has confidentially filed for an initial public offering (IPO). This is possibly one of the most-watched for IPOs of any of the valley-based company.

With a view to prep for the IPO, in August, Uber had hired Nelson J Chai as the CFO of the company. Uber has not had a finance head since 2015, when then CFO Brent Callinicos left the company.

What is interesting is that Uber's US rival - Lyft too filed for an IPO on Thursday. This move is in line with the battling companies launching services and........

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