Softbank to double gains from initial Uber investment of $7.7 billion to between $15 and $20 billion after a little more than a year (Bloomberg)

Snippet: “There were many naysayers when SoftBank invested last year at a valuation around $49 billion,” said Chris Lane, an analyst at Sanford C. Bernstein & Co. “The successful IPO of Uber at a valuation anywhere near $100 billion will be a strong validation for SoftBank and its Vision Fund. This is also very good news for SoftBank’s other ride-hailing investments.”

Source:

https://www.bloomberg.com/amp/news/articles/2019-04-12/softbank-s-son-stands-to-double-7-7-billion-stake-in-uber-ipo

Submitted April 12, 2019 at 07:39PM by markyu007 http://bit.ly/2Kty9Zw