Uber proposals value company at $120 billion in a possible IPO

17 Octobre, 2018, 01:51 | Auteur: Auguste Feret
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Up until now, Uber boss Dara Khosrowshahi has repeatedly said the company would seek to go public in the second half of September.

Uber Technologies Inc could be valued at $120 billion when it finally goes public next year according to recent proposals made by United States banks, the Wall Street Journal reported on Tuesday, citing people familiar with the matter.

As reported by The Wall Street Journal citing people familiar with the matter, Uber has received proposals from Morgan Stanley and Goldman Sachs, which value the ride-hailing company around $120 billion.

The proposed valuation of the company is about $50 billion more than the company's most recent valuation, setting the stage for what would be one of the biggest listings ever.

Uber and smaller rival Lyft's initial public offerings, both expected in 2019, will test investor tolerance for money-losing technology unicorns.

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Uber declined to comment on the Wall Street Journal report.

Uber is due to make a market debut by the end of 2019 as part of an investment deal with Japan's SoftBank, which has a stake of some 15 per cent.

"There's no guarantee. You don't know what the market is doing", Khosrowshahi told FOX Business last month.

If it does, and at that price, the company would be worth more than Ford Motor Co., General Motors Co. and Fiat Chrysler Automobiles combined. Lyft raised $600 million in Series I funding earlier this year, giving it a value of $15.1 billion. Lyft has discussed worldwide plans but so far has expanded only to a handful of cities in Canada.



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