That seems like a lot of money.
I suppose if your discounted cash flow estimate is ∞ , it's not a lot of money,
From Reuters:
Uber Technologies Inc [UBER.UL] could be valued at $120 billion when it finally goes public next year according to recent proposals made by U.S. banks, the Wall Street Journal reported on Tuesday, citing people familiar with the matter.
The ride hailing company’s most recent valuation was pegged at $76 billion, following a $500 million investment from Toyota Motor Corp (7203.T) in August.
Reuters reported in late September that Goldman Sachs and Morgan Stanley were in pole position to secure top roles in Uber IPO.
Goldman Sachs and Morgan Stanley last month delivered the valuation proposals to Uber, the WSJ report here said.....MORE
