- 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.
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