(Reuters) – ride hailing company uber Technologies Inc [UBER.UL] could be valued at $120 billion, when finally run it public in accordance with proposals that offer of US banks in the next year of offer, the Wall Street Journal reported on Tuesday.
the proposed valuation of the company is what one of the biggest deals of all time about $50 billion more than the latest rating of the company, the stage for that.
Reuters reported at the end of September, that Goldman Sachs and Morgan Stanley to secure pole position, top roles in uber IPO.
above and smaller rival first initial public offerings, both in 2019 will lose tolerance for money expected investor technology test unicorns.
Dara Khosrowshahi, who last year took over as Chief Executive, said in September that uber 2019 was IPO on the path to becoming one, adding that he doesn’t worry when Lyft first went public, because he expected enough demand for both companies.
both companies to win drivers have hit to their bottom lines and develop new markets, taken, although they have made progress in recent years in narrowing its losses.
uber is looking for new avenues of growth, including essenlieferservice, even as hailing it battles intense competition in its core business of driving.
Goldman Sachs and Morgan Stanley last month provided the review proposals on uber WSJ report here said.
the company Nelson Chai as its chief financial officer in August, to fill a long-standing vacancy provided.
An opinion rejected
reporting by Munsif Vengattil and Akanksha Rana in Bengaluru. Edit our standards by Arun Koyyur and Saumyadeb Chakrabarty