After much anticipation, Uber Technologies Inc. dropped its filing for an initial public offering Thursday, stating that it plans to raise about $1 billion.
The San Francisco-based ride-hailing giant’s IPO is being driven by Cooley, with Covington & Burling acting as special counsel on certain undisclosed matters, according to Uber’s S-1 filed with the Securities and Exchange Commission. Underwriters are represented by Davis Polk & Wardwell.
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