Report: Uber valued at $120 billion in IPO proposals

Goldman Sachs and Morgan Stanley submitted proposals to Uber last month that would value a potential IPO for the ride-sharing giant as high as $120 billion, nearly double the company's valuation from a fundraising round two months ago, reports WSJ.

Flashback: Almost exactly a year ago, Axios' Dan Primack outlined the case for Uber being valued at $95 billion in a round of private funding from SoftBank.