Uber Expected to Reach the Valuation of $120 Billion Next Year
The global cab aggregator Uber has been growing at a great pace since its launch. The company is therefore, expected to be valued at valued at $120 billion when it finally goes public next year.
According to the Wall Street Journal, Goldman Sachs and Morgan Stanley delivered the valuation proposals to Uber last month. Currently, 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. Dara Khosrowshahi, CEO of Uber stated that in September that Uber was on track for a 2019 IPO, adding that he was not concerned if Lyft went ...