How the promise of a $US120b Uber IPO evaporated

Mike Isaac, Michael J. de la Merced and Andrew Ross Sorkin

May 16, 2019 – 11.34am

Subscribe to gift this article

Gift 5 articles to anyone you choose each month when you subscribe.

Already a subscriber?

Last September, Uber's top executives were pitched by some of Wall Street's biggest banks, Morgan Stanley and Goldman Sachs.

The bankers' presentations calculated Uber's valuation almost identically, hovering around one particular number: $US120 billion ($173 billion).

Subscribe to gift this article

Gift 5 articles to anyone you choose each month when you subscribe.

Already a subscriber?

Introducing your Newsfeed

Follow the topics, people and companies that matter to you.

Fetching latest articles