3 ms·
Interesting read for sure. On the one hand when it comes to wall street it is considered a failed IPO, however if you look at the amount of money that Uber rais
by raiyu 7y ago
Interesting read for sure. On the one hand when it comes to wall street it is considered a failed IPO, however if you look at the amount of money that Uber raised and the valuations at which it did it, it seems like it was able to raise at over $50B for the past couple of years with promises of a larger valuation in the future. Then when it IPO'd below $80B still raising another large financing it basically equated to the smallest amount of dilution to the company and the largest amount of capital raised.
So from a money raising perspective it's been great. From a retention package for employees it's definitely a rocky start.
However, people put too much emphasis on the IPO anyway. Square IPO'd at $6B, went to $3B, and now is above $30B.