SAN FRANCISCO (CBS SF) — Uber is reportedly making financial moves that signal an eventual public offering of the ridesharing company.
Uber has been contacting banks in an effort to lock down a $1 billion credit line, the Wall Street Journal reported.READ MORE: UPDATE: Atmospheric River Crashes Onshore; Flood Warning Issued For Napa, Sonoma Counties
The company has raised more than $2 billion in a fundraising push since last June, and could soon be valued at $50 billion.READ MORE: UPDATE: Streets Flood in San Rafael, Mill Valley as Wild Storm Lashes Bay Area
Large tech companies such as Facebook and Alibaba both sought large lines of credit shortly before going public.MORE NEWS: Stephen Curry Reaches 5,000 Assists, Warriors Beat Kings 119-107
Uber has not yet responded to our request for a comment.