By Maya Rhodan
Car service Uber is reportedly considering new rounds of financing that could value the start up at over $10 billion, Bloomberg reports.
Citing unnamed industry sources “close to the situation,” Bloomberg says the San Francisco company’s value—currently $3.5 billion— could triple if it secures investments from private equity firms.
The $10 billion valuation would align Uber with another sharing-economy giant, Airbnb, which was valued at $10 billion recently.
Uber did not immediately respond to TIME’s request for comment on the report.
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