Uber IPO ‘could be valued at $120 billion’

Uber could be valued as high as $120 billion if the ride-hailing company goes public, as expected, in 2019 – despite being permanently in the red. Major US banks Goldman Sachs and Morgan Stanley have made valuation proposals to Uber, according to a report in the Wall Street Journal this week. This means the initial public offering (IPO) could be one of the largest in history – and Uber has yet to record a full-year profit. If the figure is correct, it would mean that Uber is worth more than three of the
October 17, 2018 Read time: 2 mins

8336 Uber could be valued as high as $120 billion if the ride-hailing company goes public, as expected, in 2019 – despite being permanently in the red.

Major US banks Goldman Sachs and Morgan Stanley have made valuation proposals to Uber, according to a report in the Wall Street Journal this week. This means the initial public offering (IPO) could be one of the largest in history – and Uber has yet to record a full-year profit.

If the figure is correct, it would mean that Uber is worth more than three of the world’s biggest car manufacturers – General Motors, Ford and Fiat Chrysler – combined, according to Reuters. Uber was valued far lower two months ago, at just $76 billion.

Reuters Breakingviews columnist Robert Cyran %$Linker: 2 External <?xml version="1.0" encoding="utf-16"?><dictionary /> 0 0 0 link-external says Reuters website link false https://www.reuters.com/article/us-uber-ipo/uber-ipo-proposals-value-company-at-120-billion-wsj-idUSKCN1MQ1N8 false false%>: “So long as investors only care about growth, Uber’s going to do just fine because they’ve got various businesses: for instance, they’ve gotten into electric bikes rental, they’ve gotten into the delivery of food, you know they’ve talked about getting into air taxis. But as long as they can grow this fast, investors are all focused on the possibilities. And they think: ‘Well, you know, who cares about the losses today? At some point Uber’s going to be able to grow so much it will just throw off profits’.”

For more information on companies in this article

Related Content

  • SVS-Vistek unveils ultra-high resolution camera
    March 21, 2018
    SVS-Vistek is showcasing a new, ultra-high resolution camera capable of taking photographs of up to 120 megapixels for ANPR purposes. The camera’s resolution is so great that it can be placed some distance from the scene – at the top of a high building, for example – and carry out ANPR surveillance over several streets simultaneously. Speed or red light enforcement are among the potential uses. The typical range of cameras used for ANPR purposes is five to 20 megapixels.
    Read More
  • Ride sharing services increase traffic, says Schaller Consulting
    August 1, 2018
    Ride sharing services such as Uber and Lyft, also called transportation network companies (TNC), are increasing congestion in US cities, says Schaller Consulting. The transport consultancy’s latest report reveals TNCs add 2.6 new vehicle miles on the road for each mile of personal driving removed, increasing driving on city streets by 160%. Called The New Automobility: Lyft, Uber and the Future of American Cities, the document combines research and data from a national travel survey to create a detailed
    Read More
  • British Safety Council launches app for measuring air pollution in London
    March 11, 2019
    The British Safety Council (BSC) and Kings College London have launched an app for outdoor workers to measure exposure to air pollution – an increasing preoccupation for the ITS industry. The Canairy app could help improve workzone safety by providing employees, and their bosses, with information to help them reduce exposure to air pollution. The app is being launched as part of the BSC’s ‘Time to Breathe’ campaign, which seeks to encourage companies, policymakers and regulators to take the risks of
    Read More
  • ITS World Congress to focus on ‘empowering cities’ by smart mobility
    June 27, 2019
    October’s ITS World Congress in Singapore will address topics under the theme ‘Smart Mobility, Empowering Cities’. The congress is being organised by the Land Transport Authority of Singapore and the Intelligent Transport Society Singapore in collaboration with ITS Asia-Pacific, ITS America and Ertico – ITS Europe. ITS International is the event’s official media partner. Autonomous vehicles, multimodal transport, cybersecurity and data privacy will be covered at this year’s event. Delegates and participa
    Read More

Highlighted Content