Wall Street banks tell Uber it could be valued at $120 billion if it goes public next year

Saumya Khandelwal/Reuters

Uber CEO Dara Khosrowshahi.

• Uber could be worth $120 billion in an IPO.
• The valuation is 66% higher than Uber's previous valuation, which was $72 billion.

Uber could be valued at a massive $120 billion if it goes public next year.

That's according to The Wall Street Journal, which reported details of proposals Uber received from Goldman Sachs and Morgan Stanley ahead of its proposed IPO in early 2019.

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The valuations are 66% higher than Uber's most recent valuation, which pegged the company at $72 billion following Toyota investing $500 million into the ride-sharing firm.

Uber received the proposals last month, The Wall Street Journal said. The documents, it said, typically advise on how to position shares to potential investors before banks underwrite IPOs.

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