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Uber files for most anticipated Silicon Valley IPO since Facebook

Uber Technologies Inc. filed for an initial public offering with the Securities and Exchange Commission on Thursday, setting up the most anticipated Silicon Valley IPO since Facebook Inc.

Uber did not list a target price for shares, putting in a placeholder target of $1 billion for the total amount the San Francisco company seeks to raise. Reports this week stated that Uber expects to raise about $10 billion at a valuation of roughly $100 billion, but there is not enough information in the initial filing to support that information. The Uber offering is being led by Morgan Stanley and Goldman Sachs, two of 29 banks listed as underwriters on the offering.

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