No, it's valued at 70 billion. Though at that valuation according to https://www.levels.fyi/2018 numbers, its compensation is below other top paying companies, so it would likely have to IPO at something like its target 120 billion IPO to beat other companies' compensation.
Uber already has more net revenue than Adobe. It has slightly negative profit margins but is growing significantly faster than Adobe, suggesting that there is plenty of room to let off the gas and let profitability take over at the expense of rapid growth.
In that light, it seems perfectly reasonable that it would IPO at a valuation similar to Adobe.
Uber already has more net revenue than Adobe. It has slightly negative profit margins but is growing significantly faster than Adobe, suggesting that there is plenty of room to let off the gas and let profitability take over at the expense of rapid growth.
In that light, it seems perfectly reasonable that it would IPO at a valuation similar to Adobe.