4 ms·
IPO is back on. Not surprising when you look at their burn rate vs cash on hand. Or the fact that they entered into a $6B line of credit last month that is co
by DebtDeflation 7y ago
IPO is back on. Not surprising when you look at their burn rate vs cash on hand. Or the fact that they entered into a $6B line of credit last month that is contingent on them raising at least $3B in an IPO by end of year. Beyond Adam and Softbank wanting to cash out eventually, the company needs this funding to continue to operate.
- marcinzm 7y agoHasn't Adam already cashed out $700 million during a previous round?