Goldman Sachs just revealed it made a nice profit off Uber ahead of an IPO it hopes to help run
|01/16/2019||Posted by BusinessMediaguide.Com under General World News||
- Goldman Sachs on Wednesday disclosed its sale last year of a stake in Uber.
- It was part of CFO Stephen Scherr’s extended explanation of the Wall Street firm’s investing and lending segment.
- Goldman’s fourth quarter results got a boost from the segment, which makes equity and debt investments in hundreds of companies and has historically been considered a “black box.”
- Uber is considering an initial public offering this year, and may choose Goldman Sachs to help with the deal. It’s already selected Goldman’s chief rival, Morgan Stanley, to lead the IPO, according to reports.
Goldman Sachs may be angling for a key read more >>>