Author Topic: Uber's IPO Will Make Saudi Crown Prince bin Salman $16 Billion ...  (Read 76 times)

YELLO

  • Hero Member
  • *****
  • Posts: 430
    • View Profile
Uber CEO Dara Khosrowshahi has said he plans to take the company public in the second half of 2019. If materialized, the IPO will be a historic event in Silicon Valley and a huge payday for Uber’s major investors, most notably the Saudi royal family and the SoftBank Vision Fund, according to Wall Street’s latest estimate of the ride-hailing giant’s worth.

The biggest winners will be SoftBank’s Vision Fund, which is Uber’s largest stakeholder, and Saudi Arabia’s royal family led by the 33-year-old Crown Prince Mohammed bin Salman.

Saudi royal family owns about 14 percent of Uber through both direct investment and its stakes in SoftBank’s Vision Fund.

The direct investment portion ($3.5 billion in 2016) will translate into $6.72 billion in liquid stock if Uber goes public at a $120 billion valuation.

SoftBank and its fellow investors who participated in the $10 billion December 2017 funding round will own $21 billion worth of Uber shares. And, because Saudi’s government fund, the Saudi Arabian Public Investment Fund, owns roughly half of the Vision Fund, the royal family can expect a paycheck close to $10 billion, after commissions and fees to SoftBank.

The Journal’s sources said Khosrowshahi must take Uber public by the end of 2019 under an agreement with SoftBank. If the IPO falls apart, Uber would have to allow certain investors—who put in $100 million or more or held shares for longer than five years—to cash out by selling stakes on the secondary market.

https://www.google.com/url?sa=t&source=web&rct=j&url=https://observer.com/2018/10/uber-2019-ipo-saudi-crown-prince-richer/amp/&ved=2ahUKEwj0ntnSq47eAhUwh-AKHTAvDnAQiJQBMAB6BAgIEAQ&usg=AOvVaw1VdW3HUGqq5osXD3LNaqXo&ampcf=1

Antieuba

  • Administrator
  • Hero Member
  • *****
  • Posts: 71
    • View Profile
Re: Uber's IPO Will Make Saudi Crown Prince bin Salman $16 Billion ...
« Reply #1 on: October 17, 2018, 08:36:16 PM »
Or what?

YELLO

  • Hero Member
  • *****
  • Posts: 430
    • View Profile
Re: Uber's IPO Will Make Saudi Crown Prince bin Salman $16 Billion ...
« Reply #2 on: October 17, 2018, 10:17:10 PM »
Dr. Death may pay someone a visit. Allegedly the Saudi squad CARVED UP ALIVE  ‘cut off journalist Jamal Khashoggi’s fingers one by one and dissolved body parts in acid’.

The journalist was allegedly carved up with a bone saw while alive in a horrifying seven-minute execution carried out by a “hit squad” listening to music on headphones.

The Saudi “Dr Death” was seen in Istanbul while an agent with a bone-cutter tool was said to be part of a 15-strong kill team.


https://www.google.com/url?sa=t&source=web&rct=j&url=https://www.thesun.co.uk/news/7514904/jamal-khashoggi-saudi-arabia-body-parts-acid/amp/&ved=2ahUKEwiy9I3t847eAhUj11kKHYqJCyoQiJQBMAF6BAgJEAc&usg=AOvVaw00ay_jZPdHmuvwxIbfJway&ampcf=1