Goldman Sachs says it sold out of Uber stake after IPO lockup expired

Goldman Sachs says it sold out of Uber stake after IPO lockup expired

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Chief Financial Officer Stephen Scherr said on the bank’s earnings call Wednesday that it closed its position in Uber in the fourth quarter last year. Goldman owned about 10 million shares of Uber at the time of the IPO, turning a $5 million wager using the firm’s own money back in 2011 into a major windfall.

from News-Economic Times https://ift.tt/3abYfJn

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