Uber was ultimately values at $82bn at price per share of $45 for its initial public offering (IPO) which has disappointed some investors. Initially, Uber had targeted to get a valuation of $100bn even though there were questions about the company not making any profits and the not so encouraging performance of its US rival Lyft in its IP{O launched March.

The IPO floating also means that a number of the early investors in the company would stand to gain billions between them.

Some of the biggest initial investors in Uber include:

Travis Kalanick

The co-founder of Uber who was ousted from position of CEO in 2017 will have a total of about 6.7% of the company after the IPO launch with a stake of just less than $5.3bn and ouwld be raising almost $166.5m in cash by selling 3.7m of his shares.

Garret Camp

This is Kalanick’s cofounder of Uber would be left with 4.6% stake in the company after IPO from the current 6%. He hopes to raise nearly $139.5m by selling 3.1m of his shares.

Saudi Arabia

One of the two biggest investors in Uber is the Public Investment Fund of Saudi Arabia. In 2016, it had invested $3.5bn in Uber and would not be selling out its shares in eth floatation. Thus it would be left with a 4.3% stake in the company worth $3.27bn. A further 122,489 shares, worth $5.5m is owned by the chief executive of the fund Yasir bin Othman Al Rumayyan. In addition to the direct investment, almost half the investments made by Vision Fund, run by Japan’s SoftBank in Uber belonged to the Saudi fund.

SoftBank Vision Fund

The largest single investor in Uber befor the floatation is Cayman Islands-based entity, owned by SoftBank’s Vision Fund with a stake of 16.3%. The Japanese fund is set to sell 5.45m shares in the IPO worth $245m which would be just a small part of its $10bn holding at the float price. Even after the divestment, the Vision Fund would own 12.8% of Uber.

Google

Even though Uber and Google’s autonomous vehicle venture Waymo had to a=come to an out of the court settlement over alleged technology theft by Uber, Google, according to the settlement, was given $245m in stock by Uber. However Google’s parent company Alphabet has a larger investment in the company. GHoogle’s holding would be diluted to 4.2%, of Uber worth $3.2bn.

Jeff Bezos

Having invested about $3m in Uber in 2011, Bezos, the richest man in the world, would see his stake valued at around $692m after the floatation. His holdsing stake has not been mentioned in the regulatory filings.

Lowercase Capital/Chris Sacca

Lowercase’s stake in the company would be worth nearly $2bn after floatation but with plans to offer 1.67m shares for sale for $75m, it would have 2.5% of stake in Uber.

Benchmark Capital/Matt Cohler

This investment firm is believed ot have invested $9m in Uber a 2011 and has already cashed in by selling $900m of stock. It still holds about $6.75bn worth stocks but plans to sell 5.75m shares worth about $259m. even after that, it would continue to hold 8.5% stake.

Arianna Huffington

Huffington’s stake in Uber is $1m at the float price with just 22,000 shares.

John Thain

Thain ‘s holding in Uber is about $5.85m and does not intend to se;ll any shares in the floatation.

Celebrities

Beyoncé and Jay-Z, Lance Armstrong and Troy Carter are among the celebrities known to have invested in Uber. While not much detail are available, according to estimates by Bloomberg, Armstrong had invested $100,000 in Uber which would increase to at least $20m after floatation.

(Adapted from TheGuardian.com)

Categories: Economy & Finance, Strategy, Sustainability, Uncategorized