Seattle – According to the Wall Street Journal, Uber could be valued at as much as $120 billion in it’s proposed initial public offering in May of 2019. This would be the largest IPO in history. In comparison, Facebook’s IPO was $16 billion in 2012. Alibaba holds the record for the largest U.S. IPO at $21.8 billion in 2014. Uber CEO Dara Khosrowshahi told Reuters in July that Uber is on track for a 2019 IPO, and that the company does not have plans to sell it’s Advanced Technologies Group, Uber’s self-driving engineering team dedicated to self-driving technologies, mapping, and vehicle safety. While we at Prospectus.com are a little disappointed that we are not writing Uber’s offering documents ;-), we are excited to follow this unprecedented offering.
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