Uber filed for its initial public offering on Thursday, the same day its competitor Lyft announced it had done the same.
According to The Wall Street Journal , Uber has hopes of beating Lyft in the race to go public.
They'll be joining a large group of major tech companies expected to hit the stock market soon, like Slack and Airbnb.
The company's most recent valuation put it at $76 billion, but that valuation could reportedly balloon up to $120 billion in an IPO.
It's worth noting that both Uber and Lyft have so far proven to be unprofitable.
Uber's third-quarter losses stood at more than $1 billion.
The deadline for Uber to go public is Sept.
30, but according to the Journal, the company is aiming for a March or April debut.