- General
- December 11, 2018
- 6 minutes read
Uber Reportedly Selects Morgan Stanley to Lead Next Year IPO
Uber CEO Dara Khosrowshahi (middle) speaks at this year’s Fortune Most Powerful Women Summit image : Photograph by Stuart Isett/Fortune Most Powerful…
Uber CEO Dara Khosrowshahi (middle) speaks at this year’s Fortune Most Powerful Women Summit
image : Photograph by Stuart Isett/Fortune Most Powerful Women
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General Motors President Dan Ammann (center) with Lyft co-founders John Zimmer (right) and Logan Green (left)
image : General Motors
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Rival Lyft’s IPO is being led by JPMorgan Chase with the help of Credit Suisse and Jefferies Financial Group. It’s said to be targeting a valuation between $18 billion – $30 billion for its debut.
Lowercase Capital’s Chris Sacca was an early investor in Uber. Other notable Lowercase bets include Twitter, Docker, Optimizely, Instagram, Twilio, Kickstarter and Lookout.
image : Loic Le Meur on Flickr
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Big winners from Lyft’s will include Rakuten, General Motors, Fidelity, Andreessen Horowitz, Alphabet’s CapitalG and its co-founders John Zimmer and Logan Green.