Uber gets IPO proposals at potential $120 bln valuation: report

16/10/2018 Argaam

 

Uber Technologies Inc. has received proposals from Wall Street banks valuing the company at $120 billion in an initial public offering (IPO) that could take place early 2019, the Wall Street Journal reported.

 

Goldman Sachs Group and Morgan Stanley delivered the valuation proposals to Uber last month, the report said, citing people familiar with the matter.

 

In June 2016, the Public Investment Fund (PIF), Saudi sovereign wealth fund, injected $3.5 billion in US ride-hailing app.

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