Uber could be valued at $120 billion

Its been revealed in The London Free Press that Uber could be valued at $120 billion and the initial IPO could be put forward as early as next year.

Although the valuation has been made by Goldman Sachs and Morgan Stanley it is not a forgone conclusion that the $120 billion figure will be achieved, or that the private hire giant will go public anytime soon.

Were the IPO to go ahead, Uber could be worth more than Fiat, Ford and General Motors combined.

It has also been revealed that Lyft are looking to JP Morgan and Credit Suisse to issue an IPO valued at $15.1 billion at the beginning of 2019.