Softbank just took a huge stake in Uber at beginning of 2018
The valuation numbers have yoyo'd up to 120billion despite
'....The deal includes a large purchase of shares from existing Uber investors and employees at a discounted valuation for the company of $48 billion, a 30 percent drop from Uber’s most recent valuation of $68 billion. These secondary stock sales will be completed by the end of the day Thursday on the Nasdaq Private Market, an Uber spokesman said'.
We've gone from a damaged company worth 48b in January to a 120b valuation in a few months. Presumably the Saudi and Japanese softbank investors are hoping to extract an ipo profit.
The valuation numbers have yoyo'd up to 120billion despite
'....The deal includes a large purchase of shares from existing Uber investors and employees at a discounted valuation for the company of $48 billion, a 30 percent drop from Uber’s most recent valuation of $68 billion. These secondary stock sales will be completed by the end of the day Thursday on the Nasdaq Private Market, an Uber spokesman said'.
https://www.reuters.com/article/us-uber-softbank-tender/soft...
We've gone from a damaged company worth 48b in January to a 120b valuation in a few months. Presumably the Saudi and Japanese softbank investors are hoping to extract an ipo profit.