Uber proposals reportedly value company at $120 billion in a possible IPO

Uber Technologies recently received proposals from Wall Street banks valuing the company at as much as $120 billion in an initial public offering that could take place early next year, The Wall Street Journal reported on Tuesday.

Goldman Sachs and Morgan Stanley last month delivered the valuation proposals to Uber, the report said, citing people familiar with the matter.

Uber did not immediately respond to a request for comment.

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