Uber's Eye-Popping IPO Approaches. Is It Really Worth $90 Billion?
Uber has never been profitable, yet the ride-hailing company may be valued at as much as $90 billion when it goes public Friday. It will be one of the largest tech IPOs ever.
Uber will go public on Friday in a highly anticipated initial public offering that will be the largest since 2014 — and one of the biggest in U.S. history.
After speculation that the ride-hailing company could be valued at as high as $120 billion, Uber is now targeting a valuation of $80 billion to $90 billion. At the same time, it has never made a profit — and has instead been burning through cash at a prodigious
