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UBER Could Be Valued at $120 Billion at Next IPO


Uber could be valued at around $120 billion (roughly Rs. 8.8 lakh crores) at the time of its high-profile IPO next year, the Wall Street Journal reported based on proposals made by US banks.

 The company's most recent valuation was at an astounding $76 billion, when it got the $500 million investment from Toyota in August. Goldman Sachs and Morgan Stanley are reportedly in the running to lead the Uber IPO. Both companies have said to have given the IPO valuation proposals to Uber, according to WSJ. 

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