Uber, valued at 120,000 million dollars before its potential IPO

Uber, valued at 120,000 million dollars before its potential IPO


MadridUpdated:

Uber Technologies could achieve a rating of up to 120,000 million dollars (103,531 million euros), according to preliminary calculations presented by different investment banks in light of the prospect of a potential IPO of the private transport services platform, which could occur in early 2019, according to 'The Wall Street Journal' 'citing sources aware of the situation.

The proposals of Goldman Sachs and Morgan Stanley would have presented their estimates to the company last September as part of the usual procedures prior to the decision of the companies to make the leap to the market.

The valuations proposed by the investment banks practically they would duplicate the value of Uber compared to the last round of financing carried out by the company a few months ago, which was around 70,000 million dollars (60,390 million euros).

The proposal of Morgan Stanley would have valued the platform in 120,000 million dollars, while the one presented by Goldman Sachs Morgan would set a slightly lower ceiling, says one of the sources consulted by 'TWSJ', noting that the calculations would highlight the potential of others Uber business outside of the passenger transport app and would even take into account the impact of the shares that the company has in startups like the Chinese Didi Chuxing Technology and the Indian GrabTaxi Holdings.

«The presentations of the banks show that Uber is gaining momentum towards an Initial Public Offering (IPO) that is among the most expected by Wall Street and Silicon Valley», Points out the newspaper, recalling that" there is no guarantee that Uber will go public on the Stock Exchange within the foreseen term or with the valuation estimated by the banks ".

The CEO of Uber, Dara Khosrowshahi, has been a supporter since he assumed the reins of the company in August 2017 that it goes public in a maximum term of two or three years, a position contrary to that expressed by his predecessor in the position and founder of the company , Travis Kalanick, who had been in favor of delaying the potential exit to the parquet of the company.

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