Top Stories
Top Stories

Uber proposals value the company at $120 billion in a possible IPO: WSJ

Uber receives IPO proposals, valued up to $120 billion: WSJ

Uber Technologies recently received proposals from Wall Street banks valuing the company at as much as $120 billion in an initial public offering that could take place early next year, The Wall Street Journal reported on Tuesday.

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

Uber did not immediately respond to a request for comment.

Next Article
Key Points
  • Investment banking generated $1.5 billion in revenue; that puts investment banking revenue up more than 15 percent year over year.
  • Net income applicable to shareholders for the bank came in at $2.02 billion, or $1.17 per diluted share, up 20 percent from a year ago.
  • "In the first half of the year, we produced strong results across the franchise," CEO James Gorman says.