Goldman Sachs dumped its Uber shares after the IPO lockup expired (UBER)
|01/15/2020||Posted by BusinessMediaguide.Com under General World News||
- Goldman Sachs sold its shares of Uber in the fourth quarter of 2019, Chief Financial Officer Stephen Scherr said on the bank’s earnings call Wednesday.
- Goldman owned about 10 million shares of Uber at the time of its initial public offering, with a strong return. In 2019, Uber fell 34% from its IPO price, and Goldman’s investment took a hit.
- Like other early investors, Goldman Sachs was prohibited from selling its shares until Uber’s post-initial public offering lockup period expired in November.
- Watch Uber trade live on Markets Insider.
- on Business Insider.
Goldman Sachs dumped read more >>>