Never miss a great news story!
Get instant notifications from Economic Times
AllowNot now

You can switch off notifications anytime using browser settings.
Stock Analysis, IPO, Mutual Funds, Bonds & More

Who's getting richer from Uber’s massive IPO?

There are dozens of other significant investors who have stakes less than 5%, the cut-off that requires public disclosure.

Business Insider|
Updated: Apr 15, 2019, 09.00 AM IST
Uber is gearing up for one of the biggest tech IPOs of all time.Its paperwork has been filed with the US Securities and Exchange Commission and made public, giving us a glimpse of its biggest shareholders. These are the people who stand to gain the most if Uber’s entrance as a public company is well received by investors.

Travis Kalanick
OWNS 117.5 million shares Uber’s founder CEO Travis Kalanick left the job in 2017, selling a sizeable chunk of his stake to Softbank. But he’s still the single largest individual shareholder. He owns over 117.5 million shares, or about 8.6 of the company. If Uber’s shares command what Lyft is currently trading for, about $60 per share, this stake would be worth over $7 billion.

Garrett Camp
OWNS 82 million shares Garrett Camp is Uber’s original founder. He created an app for hailing black car limo services that his buddy Travis Kalanick loved. Kalanick invested in the fledgling company and later became its second CEO. Camp is the second largest individual shareholder and owns nearly 82 million shares, or about 6%. At $60 per share, that stake would be worth nearly $4.9 billion.

Dara Khosrowshahi
OWNS 196,000 shares Dara Khosrowshahi is Uber’s current CEO, hired to navigate the company out of its well-publicised cultural issues and into an IPO. His stake is currently 196,000 shares.

softBank ET
OWNS over 222.2 million shares Softbank drove a hard bargain when it picked up a 16% stake in Uber, buying shares from other stockholders at about $33 a share. Softbank Vision Fund, through an entity called SB Cayman 2 Ltd, owns over 222.2 million shares.

Ryan Graves
OWNS 33.2 million shares Ryan Graves joined Uber as employee No 1 by answering a tweet. He was Uber’s first CEO, though Kalanick switched him out of that role and took the job himself. Graves owns 33.2 million shares.

Saudi Arabia’s Public Investment Fund
OWNS 73 million shares The Saudi Arabia Public Investment Fund invested $3.5 billion in Uber in 2016 and its managing director, Yasir Al Rumayyan, sits on Uber’s board. The PIF is chaired by Prince Mohammed bin Salman. The fund owns nearly 73 million shares or 5.3%.

COO Barney Harford
OWNS 105,211 shares Chief Operating Officer Barney Harford, hired by Khosrowshahi, owns 105,211 shares, based on the number of his restricted share units due to convert to shares by the end of May.

Thuan Pham
OWNS nearly 5.4 milion shares Thuan Pham, Uber’s Chief Technology Officer, was hired by Kalanick. Pham was a Vietnam refugee who came to the US under political asylum after a rough childhood in refugee camps. He owns nearly 5.4 milion shares.

Benchmark Capital
Benchmark Capital, under partner John Gurley, lead Uber’s Series-A, $11-million round and then invested in later rounds. It now owns over 150 million shares, or 11% of the company

Over 160 others
SHARES HELD: Unknown Uber raised $20 billion in its years as a private company and has 162 investors, according to Pitchbook. There are dozens of other significant investors who have stakes less than 5%, the cut-off that requires public disclosure.

Also Read

Uber shares skid as losses widen

Uber Eats focuses on aggressive expansion in India

UberEats India devours firm's global numbers

Uber puts the brakes on growth at any cost

Uber Technologies will not dial down on its food delivery service-Uber Eats in India

Add Your Comments
Commenting feature is disabled in your country/region.
Download The Economic Times Business News App for the Latest News in Business, Sensex, Stock Market Updates & More.

Other useful Links

Follow us on

Download et app

Copyright © 2019 Bennett, Coleman & Co. Ltd. All rights reserved. For reprint rights: Times Syndication Service