Date: 4 weeks ago   Category: Economy

Uber was estimated at $120 billion


Financial conglomerates Goldman Sachs Group Inc. and Morgan Stanley was presented by the offers on assessment of Uber Technologies Inc., The Wall Street Journal (WSJ) with reference to the sources reports. Such offers usually prepare banks before the companies employ them for carrying out primary public placement of the stocks (IPO).

according to WSJ, they estimated Uber at $120 billion, and the IPO can take place at the beginning of the next year.

Thus the sum at which banks estimated the cost of the company organizing transportations by means of private drivers can exceed market capitalization of General Motors (GM), Ford Motor and Chrysler Fiat Automobiles combined, notes the edition.

Market capitalization of Ford Motor reaches about $34,44 billion, GM now - $45,32 billion, Fiat Chrysler Automobiles - $31,48 billion

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