--- description: The ride-sharing service received proposals valuing it at as much as $120 billion if Uber goes public. title: Uber Could Be Valued at $120 Billion in Possible IPO: Report image: https://static.time.com/v3/assets/bltea6093859af6183b/blt98bc44baa047cafd/69893cb0bc6cfc3d423e7313/uber-ipo-stocks-valuation.jpg?branch=production&width=3840&quality=75&auto=webp&crop=16:9 ---  * [Business](/section/business/) ## Business Update your preferences in [Account Settings](/account/preferences/) Close * [stocks](/tag/stocks/) ## stocks Update your preferences in [Account Settings](/account/preferences/) Close # Uber Could Be Valued at $120 Billion in Possible IPO: Report by [Molly Schuetz / Bloomberg](/author/bloomberg/) ## Molly Schuetz / Bloomberg Update your preferences in [Account Settings](/account/preferences/) Close Oct 16, 2018 2:16 PM CUT  Uber Director of Product Management Sachin Kansal speaks during the company's unveiling of new features in New York, on Sept. 5, 2018. Uber Director of Product Management Sachin Kansal speaks during the company's unveiling of new features in New York, on Sept. 5, 2018.Richard Drew—AP/REX/Shutterstock by [Molly Schuetz / Bloomberg](/author/bloomberg/) ## Molly Schuetz / Bloomberg Update your preferences in [Account Settings](/account/preferences/) Close Oct 16, 2018 2:16 PM CUT (Bloomberg) — Uber Technologies Inc. has recently received proposals from banks for an initial public offering valuing the ride-hailing company at as much as $120 billion, the _Wall Street Journal_ reported, citing people familiar with the matter. An IPO at that amount, which could take place early next year according to the _Journal_, is almost double Uber’s recent valuation of about $70 billion. Uber had long been one of the most valuable startups in the world, until China’s Bytedance Ltd. was said to be valued at $75 billion. Goldman Sachs Group Inc. and Morgan Stanley delivered the proposals to San Francisco-based Uber last month, the _Journal_ reported, citing the unnamed people. Uber has been among the most highly anticipated IPOs. The company, founded in 2009, has raised a sizable amount of private capital, including from SoftBank Group Corp., which is its largest shareholder. ```json [{"@context":"https://schema.org","@type":"NewsArticle","@id":"https://time.com/5425838/uber-120-billion-possible-ipo/","mainEntityOfPage":{"@type":"WebPage","@id":"https://time.com/5425838/uber-120-billion-possible-ipo/"},"headline":"Uber Could Be Valued at $120 Billion in Possible IPO: Report","datePublished":"2018-10-16T14:16:44.000Z","dateModified":"2026-02-23T21:45:28.648Z","description":"The ride-sharing company could become the largest IPO of all-time","url":"https://time.com/5425838/uber-120-billion-possible-ipo/","keywords":["stocks","Bloomberg","onetime"],"thumbnailUrl":"https://static.time.com/v3/assets/bltea6093859af6183b/blt98bc44baa047cafd/69893cb0bc6cfc3d423e7313/uber-ipo-stocks-valuation.jpg?branch=production&width=1200&quality=75&auto=webp&crop=1200:675&height=675","author":[{"@type":"Person","name":"Molly Schuetz / Bloomberg"}],"articleSection":"Business","image":[{"@type":"ImageObject","url":"https://static.time.com/v3/assets/bltea6093859af6183b/blt98bc44baa047cafd/69893cb0bc6cfc3d423e7313/uber-ipo-stocks-valuation.jpg?branch=production&width=1200&quality=75&auto=webp&crop=1200:675&height=675","width":1200,"height":675,"headline":"uber-ipo-stocks-valuation","caption":"A presentation on Uber's safety","creditText":"Richard Drew—AP/REX/Shutterstock","representativeOfPage":true}],"publisher":{"@type":"Organization","name":"Time","url":"https://time.com/","logo":{"@type":"ImageObject","url":"https://time.com/images/logo.png","width":528,"height":156},"foundingDate":"March 3, 1923","sameAs":["https://www.facebook.com/time","https://www.instagram.com/time/?hl=en","https://twitter.com/time","https://www.pinterest.com/timemagazine"]}},{"@context":"https://schema.org","@type":"BreadcrumbList","itemListElement":[{"@type":"ListItem","position":1,"item":{"@id":"/section/business/","name":"Business"}},{"@type":"ListItem","position":2,"item":{"@id":"/tag/stocks/","name":"stocks"}},{"@type":"ListItem","position":3,"item":{"@id":"https://time.com/5425838/uber-120-billion-possible-ipo/","name":"Uber Could Be Valued at $120 Billion in Possible IPO: Report"}}]}] ```