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at $45 a share on Thursday evening, giving it a valuation of $75.5 billion.

At that valuation, Uber is worth almost as much as Ford and General Motors combined. It will also have a valuation just above Goldman Sachs and be significantly larger than the electric-car maker Tesla.

It is almost five times as valuable as rival ride-hailing company Lyft. Uber, however, will have to rise significantly to eclipse the personal net worth of Amazon founder Jeff Bezos, which sits at $112 billion.

While Uber is huge, its valuation has dropped sharply from that was floated in October. Lyft’s rocky start has hung over Uber’s long-awaited New York Stock Exchange debut.

Lyft went public on March 29, and over the following six weeks have slid 23%. According to its , Lyft commands 39% of the US ride-hailing market while Uber holds 59%. Both companies record significant losses, with

Demand for the Uber shares was robust, with all 180 million on offer accounted for within days of the beginning of its IPO road show, according to a , citing people familiar with the matter. The company raised $8.1 billion in through its IPO process.

Despite the lowered valuation, early Uber investors will record significant gains on their investments. Co-founder .

‘s stake is worth nearly $6.5 billion after he when he departed the company in January 2018 amid a .

Prominent investor Softbank will also realize a significant gain, having purchased a back in early 2018. At Friday’s valuation, SoftBank’s holdings will be worth over $12 billion, of $8.4 billion.