An Uber fundraising campaign could see the company reaching a value of $35 billion to $40 billion.
The information regarding the Uber fundraising comes from sources close to the matter that have chosen not to be named. According to these sources, T. Rowe Price Group is currently in talks to become an investor for the company and current investor Fidelity Investments is also taking part in the fundraising, reports Bloomberg.
In June, Uber was valued at $17 billion. If the new fundraising does reach the $35 billion to $40 billion, it would pop the company above several other companies. The reason behind the fundraising is likely to help the company in its expansion to other parts of the world, Bloomberg notes. Read