Uber investors sell at big discount, but still make billions
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January 3, 2018
DETROIT (AP) — Investors in the Uber ride-hailing service didn't get all they wanted in selling at least part of their holdings to a group led by Japanese technology conglomerate SoftBank.
But don't show them too much sympathy.
Even though they sold at roughly a 30 percent discount from what the shares were worth in 2016, those who invested early made nearly 100 times their initial stake, going from around 35 cents per share to just under $33, according to one investor who requested anonymity because the sales are private.
Uber was valued around $68.5 billion during a 2016 capital investment,...
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