Oklahoma’s Choctaw horses connect to Mississippi
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Oklahoma’s Choctaw horses connect to Mississippi
Uber Technologies Inc. recently received proposals from Wall Street banks valuing the ride-hailing company at as much as $120 billion in an initial public offering that could take place early next year, according to people familiar with the matter.
That eye-popping figure is nearly double Uber’s valuation in a fundraising round just two months ago and more than General MotorsCo. , Ford Motor Co. and Fiat Chrysler Automobiles NV are worth combined.
Over the past year, Uber has labored through a series of scandals, from claims of workplace sexual harassment to the alleged theft of trade secrets from rival Alphabet Inc., and the ouster of co-founder Travis Kalanick. Its new chief executive, Dara Khosrowshahi, has sought to win back investors, drivers and riders who can now choose from a growing group of taxi smartphone apps.
Mr. Khosrowshahi has said the company is aiming for an IPO in the second half of 2019; at what valuation has been unclear. Uber last raised money, from Toyota Motor Co. in August, at a roughly $72 billion valuation
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