viewUber Technologies Inc

Uber IPO may be worth all-time record $120 billion, says Wall Street Journal

The offering could easily eclipse the record held by Alibaba when it listed in 2014

Uber logo
Uber's IPO in 2019 could establish an all-time record in 2019

Uber Technologies has received proposals from a pair of Wall Street banks that value the company as much as $120 billion in an initial public offering, which would be an all-time record and is scheduled to take place in 2019, according to the Wall Street Journal.

The figure for the ride-sharing company is nearly double Uber's valuation in a fundraising round about two months ago and more than the value of General Motors (NYSE:GM), Ford Motor Co (NYSE:F) and Fiat Chrysler Automobiles N.V. (NYSE:FCAU) combined, the report said.

Top investment banks Goldman Sachs (NYSE:GS) and Morgan Stanley (NYSE:MS) delivered the valuation proposals to Uber, it said.

READ: Lyft is zooming past Uber in the ride-hailing IPO race

At $120 billion, Uber's IPO will be almost five times higher than the all-time record IPO of Chinese e-commerce giant Alibaba (NYSE:BABA) which listed on September 18, 2014, and was valued at $21.8 billion. Visa (NYSE:V) came in at second place with an IPO worth $17.9 billion in 2008.

Uber is a ridesharing, taxi cab, food delivery, bike-sharing, and transportation network company. It is based in San Francisco, California.

Uber operates in almost 800 metropolitan areas worldwide.

Reporting by Rene Pastor, contactable on [email protected] 



Quick facts: Uber Technologies Inc

Price: 37.01 USD

Market: NYSE
Market Cap: $63.13 billion

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events


The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...



Full interview: THC Global Group granted GMP Licence for Southport cannabis...

THC Global Group Limited (ASX:THC) chief executive officer Ken Charteris updates Proactive on being granted a licence to manufacture therapeutic goods for the company’s Southport Facility, known as a GMP Licence, by the Australian Therapeutic Goods Administration (TGA). This milestone...

1 hour, 8 minutes ago

2 min read