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Sequoia, Tencent, TPG look to invest in Uber alongside SoftBank


It’s no longer simply SoftBank and Dragoneer which can be taking a look to purchase Uber stocks from the workers and different shareholders, when the gentle be offering launches, most likely later nowadays.

Sources let us know that Sequoia Capital is taking a look to building up its stake in Uber this manner. The different traders at the listing come with Tencent and TPG.

SoftBank has made an be offering to acquire the stocks at $32.96. This is a steep bargain to the $48.77 from the newest Series G spherical.

The staff of traders are taking a look to purchase about $eight billion in stocks. If they don’t to find sufficient dealers to meet the $eight billion, it’s conceivable that they are going to building up the be offering worth.

There’s additionally a $1 billion direct funding in Uber, that will worth the corporate at its remaining non-public valuation of just about $70 billion.

Sequoia declined to remark. Uber declined to remark.

Featured Image: ANTHONY WALLACE/Getty Images


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