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Uber makes confidential filing for long-awaited IPO

The Uber application is seen on a mobile phone in London, Britain. [Photo: Reuters]

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 Thursday, one of the sources said, in lock-step with its smaller US rival, Lyft Inc, which also announced on Thursday it had filed for an IPO.

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