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

Author: 
Reuters
ID: 
1539691156114811900
Tue, 2018-10-16 11:54

LOS ANGELES: Uber Technologies Inc. recently received proposals
from Wall Street banks valuing the company at as much as $120
billion in an initial public offering that could take place early
next year, the Wall Street Journal reported on Tuesday.
Goldman Sachs Group Inc. and Morgan Stanley last month delivered
the valuation proposals to Uber, the report said, citing people
familiar with the matter.
Uber did not immediately respond to a request for comment.

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