Uber IPO could value business at USD120 billion
Ride-hailing company Uber Technologies Inc could have a valuation of up to $120 billion, based on proposals from banks vying to run its proposed IPO.
That would be about 40% more than Uber’s previous highest valuation the Wall Street Journal reported, and depending on the terms could be among the biggest public listings ever.
Goldman Sachs and Morgan Stanley are reportedly in the running to manage the IPO and presented their valuation proposals last month, says the WSJ.
Uber CEO Dara Khosrowshahi says the company is still on track for a 2019 IPO but could be pipped by rival Lyft which is also planning to go public next year.
Uber has to file an IPO by the end of 2019 under terms agreed by major investor Japanese conglomerate SoftBank.
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Editor for TravelMole North America and Asia pacific regions. Ray is a highly experienced (15+ years) skilled journalist and editor predominantly in travel, hospitality and lifestyle working with a huge number of major market-leading brands. He has also cover in-depth news, interviews and features in general business, finance, tech and geopolitical issues for a select few major news outlets and publishers.
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