Axelle/Bauer-Griffin/FilmMagic
- Uber is gearing up for one of the biggest tech IPOs of all time.
- Its paperwork has been filed with the SEC and made public, giving us a glimpse as to who its biggest shareholders are.
- These are the people that stand to gain the most if Uber’s entrance as a public company is well received by investors.
Uber just publicly revealed the paperwork for its giant IPO. This paperwork doesn’t yet include key details, like how much the company expects to charge for each share of its stock, or how many shares it will sell.
But it does reveal who the biggest shareholders are.
And with that knowledge, plus a little digging on Pitchbook, a database that tracks private company financial-deal details, we know which people and investors that will score the biggest on Uber’s IPO.
Travis Kalanick
Paul Sakluma/AP
Travis Kalanick’s rise and fall as Uber’s founder CEO has been well documented. He left the CEO job in the summer of 2017, (and launched a new company) and sold off a sizeable chunk of his stake to Softbank at that time. That sale put $1.4 billion cash in his pocket and it still represented only 30% of his stake.
He’s the single largest individual shareholder. He owns over 117.5 million shares, or about 8.6 of the company.
Just for fun: 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
Flickr/Joi
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 joined the startup and later became its second CEO.
Camp, who is also known for the other tech company he founded StumbleUpon, has been on the board since its earliest beginnings. sometimes as chairman other times as just a board member.
Camp is the second largest individual shareholder. He owns nearly 82 million shares, or about 6%.
Again, just for fun, at $60 per share (what Lyft is currently trading for), that stake would be worth nearly $4.9 billion.
Dara Khosrowshahi
Getty
Dara Khosrowshahi is Uber’s current CEO, hired to navigate the company out of its well-publicized cultural issues and into an IPO.
He’s been on the job for about two years now and one of his major directives was to take the company public. Insiders have told Business Insider that he’s been particular pressured to do an IPO with a valuation of $120 billion and told us that he will be eligible for some hefty bonuses if the IPO hits and maintains that valuation.
His stake is currently 196,000 shares.
See the rest of the story at Business Insider
See Also:
- The life and rise of Travis Kalanick, Uber’s controversial billionaire co-founder and former CEO
- The amazing life of Uber CEO Dara Khosrowshahi — from refugee to tech superstar and a huge IPO
- Uber spent $3.3 billion on acquisitions in 2018 and 2019 — 10-times more than Lyft
Source: Business Insider – jbort@businessinsider.com (Julie Bort)