Uber looking for large Manhattan office ahead of planned $100B IPO

Ride hailing startup is checking out buildings in Midtown, World Trade Center

Uber CEO Dara Khosrowshahi and Bryant Park (Credit: Uber and Wikipedia)
Uber CEO Dara Khosrowshahi and Bryant Park (Credit: Uber and Wikipedia)

Ride-hailing startup Uber is looking for a big new office in Manhattan ahead of its anticipated $100 billion initial public offering next month.

The company has been scoping out buildings in Midtown near Bryant Park and 3 World Trade Center for somewhere between 250,000 and 300,000 square feet, sources told Crain’s.

CBRE is handling the company’s search.

Uber in February signed a lease for a new 35,000-square-foot office at 1400 Broadway in Midtown. And it already has an office near Hudson Yards at the Terminal Stores measuring roughly 64,000 square feet.

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It wasn’t immediately clear if Uber plans to consolidate any of its existing offices into a new space.

Uber filed paperwork earlier this month disclosing that it plans to seek a valuation as high as $100 billion through its IPO. The city last summer put a cap on the number of licenses it doles out to large ride-hailing companies for one year following a spate of suicides by drivers hurt by the industry’s rapid explosion. [Crain’s] – Rich Bockmann