Uber could be valued at $120 billion in 2019 IPO

Uber
CEO Dara Khosrowshahi.
Saumya
Khandelwal/Reuters

• Uber could be worth $120 billion in an IPO.
• The valuation is 66% higher than Uber’s previous
  valuation, which was $72 billion.

Uber could be valued at a massive $120 billion if it goes public
next year.

That’s according to The Wall
Street Journal, which reported details of proposals Uber
received from Goldman Sachs and Morgan Stanley ahead of its
proposed IPO in early 2019.

The valuations are 66% higher than Uber’s most recent valuation,
which pegged the company at $72 billion
following Toyota investing $500 million into the ride-sharing
firm.

Uber received the proposals last month, The Wall Street Journal
said. The documents, it said, typically advise on how to position
shares to potential investors before banks underwrite IPOs.

This is developing