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Didn't this happen during the sub-prime crisis where the firms sold their toxic assets to their clients.

• rhino369 11y ago
  This is probably different. The problem with the subprime crisis was banks had to keep the mortgage assets on their books. They'd buy it -> package it -> sell it. Some banks realized, damn this shit is going to be worthless. And they sold their toxic assets. Here, the banks don't buy a stake in Uber until they arrange the pool of investors. Or maybe they are selling shares from other clients who want to get out of the investment. It's doubtful the banks themselves have Uber equity on their books.
  • aagha 11y ago
    "Goldman Sachs, itself an early investor in Uber through its venture arm"... http://qz.com/305996/all-the-ways-investment-banks-are-cozying-up-to-uber-ahead-of-a-possible-ipo/ http://qz.com/305996/all-the-ways-investment-banks-are-cozyi...
    • limeyx 11y ago
      And I bet they'd truly like to divest some of it at the current prices :)
      • wtvanhest 11y ago
        They likely have liquidation preferences so they are probably extremely comfortable holding the "equity" while it matures at a premium to what they put in while holding an option on more upside.