Uber’s eye-popping valuation worth more than Nvidia and PayPal

Uber application logo is seen on a screen in front of taxi board in Ankara, Turkey on August 31, 2018.

Ali Balikci | Anadolu Agency | Getty Images

Uber application logo is seen on a screen in front of taxi board in Ankara, Turkey on August 31, 2018.

Uber is reaching for a lofty valuation in its upcoming initial public offering.

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.

The 12-figure price-tag is a result of proposals from Wall Street banks and nearly double Uber’s valuation from its…

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