Operations

Goldman Sachs Doing Uber IPO For Free

Posted on December 3, 2014

Fortune.com reported that Uber had hired Goldman Sachs to raise hundreds of millions of dollars from the bank’s wealthiest clients, via a private placement of convertible debt.

Fox Business reporter Charlie Gasparino reported that Goldman Sachs is doing the deal “basically for free,” in order to put itself in better position to lead Uber’s eventual IPO.

Full story at www.fortune.com.

Related Topics: banks, capital, finance, investment, TNCs, Uber

Comments ( 4 )
  • frederick

     | about 6 years ago

    someone wants to get from A to B and has to pay for it. in this sense nothing has changed since the horse and buggy. except the apex predators of our world, bankers, have decided this I their newest game to play. the poor schmuck behind the wheel is lured into the "game" and works 12 or 14 hours a day. yes, where did the $1.2b go? not to the drivers .. so I really wish all this laudatory hype about technology and entrepreneurialism and the bright new future focus back on the real story - how the cheapskates of the world, bankers and lawyers, are figuring a new way to squeeze a buck out of the system. nothing more to this.

  • See all comments
More Stories
Despite concerns about potential disruptors, travelers contniue to embark on new adventures (Photo via Pexels user Matthew Barra)
News

Luxury Travel Will Surge In 2020

The results of a recent survey reveal an overall positive outlook, despite concerns about political and economic stability.

The Aviator is one of many well-selling vehicles (Photo: Lincoln)
News

Lincoln Becomes Ford's Hero

Not only were the luxury automaker's fourth-quarter sales up by 17.8%, but its entire year sales increased by an impressive 8.4%.