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Hawaii News

Uber files papers for Wall Street

ASSOCIATED PRESS / 2017

Ride-hailing giant Uber has filed confidential preliminary paperwork for selling stock to the public.

San Francisco >> Ride-hailing giant Uber has filed confidential preliminary paperwork for selling stock to the public.

That’s according to a report late Friday in the Wall Street Journal.

Citing people familiar with the matter whom it did not identify, the Journal says San Francisco- based Uber Technologies Inc. filed the paperwork earlier this week. That would indicate it could go public within the first three months of next year.

Uber declined to comment on the Journal report.

The filing would come on the heels of a similar move by Uber’s smaller rival Lyft.

The two initial public offerings could raise billions for the two companies to fuel their expansions, while giving investors their first chance to buy stakes in the ride-hailing phenomenon.

ON THE MOVE

>> Bank of Hawaii has promoted Keith Rogers, a mortgage banking business process manager and vice president, to senior vice president. Rogers has more than 20 years of experience in the mortgage industry, including serving as a vice president with First Hawaiian Bank’s Residential Real Estate Division. He joined Bank of Hawaii in November 2016.

>> Anthology Marketing Group has named David Pettinger president of its Research Group. Pettinger previously served as executive vice president of Anthology Research. He was part of the company’s Public Relations Group and led its public affairs practice.

>> Coldwell Banker Pacific Properties has announced that Geri I. Lambert is a new independent agent for the firm’s Kahala office. Lambert has more than 40 years of experience, including previously serving as a Realtor at Berkshire Hathaway HomeServ­ices Hawaii Realty.

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