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Wall Street bank proposals value Uber at $120 bn in a possible IPO

That eye-popping figure is nearly double Uber's valuation in a fundraising round just two months ago and more than GM, Ford Motors and Fiat Chrysler Automobiles NV are worth combined

Uber
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Photo: Reuters

WSJ
Uber Technologies Inc. recently received proposals from Wall Street banks valuing the ride-hailing company at as much as $120 billion in an initial public offering that could take place early next year, according to people familiar with the matter.

That eye-popping figure is nearly double Uber’s valuation in a fundraising round just two months ago and more than General Motors Co. , Ford Motor Co. and Fiat Chrysler Automobiles NV are worth combined.

Goldman Sachs Group Inc. and Morgan Stanley MS 0.09% last month delivered the valuation proposals to Uber, the people said. These documents, which typically advise on how to position

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