Uber’s Venture Investors Set for a Windfall - News Summed Up

Uber’s Venture Investors Set for a Windfall


Uber Technologies Inc.’s initial public offering is set to deliver one of the biggest jackpots in Silicon Valley startup history, minting multibillion-dollar fortunes for early investors like Benchmark and the company’s co-founders including Travis Kalanick. The ride-hailing company, which revealed its largest shareholders in IPO documents on Thursday, is expected to go public as soon as next month at a valuation of as much as $100 billion, or $55 a share, people familiar with the matter have said.


Source: Wall Street Journal April 12, 2019 01:18 UTC



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