Technology
Uber could be valued at $120 billion in 2019 IPO
- 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
-
Business7 days ago
TikTok Shop expands its secondhand luxury fashion offering to the UK
-
Business6 days ago
UnitedHealth says Change hackers stole health data on ‘substantial proportion of people in America’
-
Business6 days ago
Mood.camera is an iOS app that feels like using a retro analog camera
-
Business4 days ago
Tesla’s new growth plan is centered around mysterious cheaper models
-
Business3 days ago
Xaira, an AI drug discovery startup, launches with a massive $1B, says it’s ‘ready’ to start developing drugs
-
Business4 days ago
UK probes Amazon and Microsoft over AI partnerships with Mistral, Anthropic, and Inflection
-
Entertainment6 days ago
Furious Watcher fans are blasting it as ‘greedy’ over paid subscription service
-
Business5 days ago
Two widow founders launch DayNew, a social platform for people dealing with grief and trauma