SoftBank Succeeds in Tender Offer for Large Stake in Uber

Re:SoftBank Succeeds in Tender Offer for Large Stake in Uber by xocyabencl on Thursday December 28, 2017 @04:13PM (#16024931)

Agreed that the press does go around using this $70B number as a valuation. If the company IPO'd at less than $70B it would similarly be reported as a dud. Recruiters also use the $70B when offering stock options. And I'm sure it feels like a haircut to those employees who just sold their stock at a $49B valuation.

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Re:SoftBank Succeeds in Tender Offer for Large Stake in Uber by brucephillips on Thursday December 28, 2017 @04:23PM (#16024991)

> I'm sure it feels like a haircut to those employees who just sold their stock at a $49B valuation.

Probably not. The strike is likely at a much larger discount.

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Re:SoftBank Succeeds in Tender Offer for Large Stake in Uber by linkregister on Thursday December 28, 2017 @07:18PM (#16026375)

All of the employees who sold in this tender offer have options, which have a maximum strike of less than $20 per share for common stock. Only RSUs were issued after early 2015. Uber’s valuation was $40B then.

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Re:SoftBank Succeeds in Tender Offer for Large Stake in Uber by sulam on Thursday December 28, 2017 @07:31PM (#16026436)

I've only got two IPOs under my belt, but both cases the 1st trade settled above the preferred price in the last round. I think that's fairly typical, fwiw.

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Re:SoftBank Succeeds in Tender Offer for Large Stake in Uber by xocyabencl on Thursday December 28, 2017 @08:50PM (#16026885)

Having the stock after IPO trade at the old preferred price represents a significant increase of the actual value of the company, even though it's not usually reported as such.

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