Re:Uber Proposals Value It at $120B in Possible 2019 IPO
by qubax on Tuesday October 16, 2018 @08:58PM
(#18234662)
>We've gone from a damaged company worth 48b in January to a 120b valuation in a few months.
I remember some here were ragging on Softbank for overpaying in their Uber investment just a few months ago. Amazing how a few months can change things.
> Presumably the Saudi and Japanese softbank investors are hoping to extract an ipo profit.
I don't think they bought in for a quick profit. These guys buy in for info and influence. But nearly a 200% appreciation ( if the valuation holds and if they IPO ) in a year has to be tempting.
I remember some here were ragging on Softbank for overpaying in their Uber investment just a few months ago. Amazing how a few months can change things.
> Presumably the Saudi and Japanese softbank investors are hoping to extract an ipo profit.
I don't think they bought in for a quick profit. These guys buy in for info and influence. But nearly a 200% appreciation ( if the valuation holds and if they IPO ) in a year has to be tempting.