Uber could be valued at $ 120 billion in 2019 IPO

Uber could be valued at a whopping $ 120 billion when it is made public next year.

That's what the Wall Street Journal reports, which Tuesday reported details of the proposals that Uber would have received from Goldman Sachs and Morgan Stanley before its initial public offering in early 2019.

The valuations are 66% higher than the latest valuation of Uber, which estimated the company at $ 72 billion after Toyota invested $ 500 million in the company.

Uber received the proposals last month, the paper said, citing people close to the case. The documents, he says, generally indicate how to position the shares with potential investors before banks subscribe for IPOs.

Uber CEO Dara Khosrowshahi said last month that the company was about to go public next year. "The growth rates of a company of our size are unmatched," he told Reuters in September. "For now, we are on track for an IPO next year, if market conditions permit."

According to The Journal, the tank is highly anticipated on Wall Street and would be one of the largest technological IPOs in history. Facebook's IPO value rose to $ 104.2 billion in 2012, while Google went public in 2004, at $ 23 billion. Snap was valued at $ 23.8 billion when it was released last year.

Uber declined to comment when he was contacted by Business Insider.