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A comment on Uber opens at $42 per share. Parent comment

Re:Uber opens at $42 per share by eigenvalue on Friday May 10, 2019 @02:05PM (#19880529)
They do both. It's relatively rare for a company to IPO without raising fresh capital for the company. There are however often "secondary" share sales where only "selling shareholders" (rather than the company) receive the proceeds.
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Re:Uber opens at $42 per share by buzzdenver on Friday May 10, 2019 @02:49PM (#19880965)
An IPO with out raising fresh capital is called a Direct Listing. Slack did it not long ago.
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Re:Uber opens at $42 per share by usrusr on Friday May 10, 2019 @02:15PM (#19880623)
> It's relatively rare for a company to IPO without raising fresh capital for the company.

An IPO without raising new capital would make it more difficult to answer what every buyer should ask: "why are they so eager to sell?" It's a variation of plausible deniability.

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Re:Uber opens at $42 per share by gmmeyer on Friday May 10, 2019 @02:45PM (#19880924)
It's what Spotify did, I think it's a decent question but it also allows for liquidity, especially since it's such a big part of comp it's not unreasonable to list
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