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Foreign media said Uber, a US ride-hailing company, may launch an IPO in April, while Uber will also issue a registration statement next month. Uber has hired six investment banks, Bank of America, Deutsche Bank, Barclays, Citigroup, Allen and JMP Securities, to underwrite its IPO in preparation for its pre-IPO.

It is understood that its valuation has reached 120 billion US dollars before. But some analysts point out that Uber's valuation could be closer to $100 billion, based on the financial data it now discloses. Last year, the company posted a loss of about $3.3 billion, excluding one-time gains from selling unprofitable businesses in Russia and Southeast Asia. Uber is also spending heavily to settle ride-hailing violations, settling a driver class action lawsuit this week for $20 million

Next week, Uber will hold an organizational meeting in San Francisco to officially launch the IPO process. At that time, the company will discuss details of the planned IPO with bankers and lawyers. Uber is also holding an analyst day next week to create models to help potential investors value the company by selling stories about the company to Wall Street analysts.

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