The $120 billion valuation the ride-hailing company is reportedly seeking would make it more valuable than 3M, 21st Century Fox and others.
div > div.group > p:first-child"> An expected $120 billion valuation for the ride-hailing company would make it more valuable than 3M, 21st Century Fox, Nvidia and other established names that have been raking in profits for years.
But Uber notably, is not making money. The Silicon Valley start-up has been mounting billion-dollar losses ahead of its highly anticipated market debut. Its IPO plans are now neck-and-neck with rival Lyft, which released its long-awaited IPO prospectus in early March. That disclosure showed a loss of $911 million on $2.1 billion in revenue last year for Lyft.Slack, Pinterest and Palantir also plan to go public in 2019.
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