Uber IPO: Who is Receiving the Most When the Startup Goes Public?

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Uber ipo
Uber



Uber is all set to hit the market with one of the biggest initial public offerings (IPO). Founded in 2009, the ride-hailing startup has become one of the largest startups with an estimated valuation of around $90 billion.

Just like any other tech companies listing in the public market, the early promoters of the startup are going to see substantial growth of their investments. So, here’s a quick rundown of all the possible stakeholders whose wealth will skyrocket with the IPO.

Travis Kalanick

The founder and former chief executive of the company is going to be the biggest winner when the shocks of the taxi aggregator will list on stock exchanges. Presently, he is the largest shareholder of the company, holding around 8.6 percent of the startup.

Kalanick left the company in 2017 and also sold a sizable chunk of his shares to SoftBank. Despite that offload, if Uber shares list at $44, he is going to make $5.17 billion from his 117.5 million shares.

Garret Camp

Camp, the co-founder of Uber is the second largest shareholder in the company with 6 percent of the stakes to his name. The ride-hailing startup is his second successful venture as he sold his first company – StumbleUpon – to eBay in 2007 for $75 million.

Again considering the value of the shares at $44 a piece, Camp’s 82 million shares of Uber will bring $3.6 billion, putting him into the list of tech billionaires.

Jeff Bezos

Founder of Amazon and the world’s richest man, Jeff Bezos, is an early investor at the San Fransisco-headquartered startup. His $3 million bet on the startup might bring in around $400 million, according to the tech news outlet The Information.

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Ryan Graves

He is the first employee of the startup and got the job by answering a question on Twitter. Also the first CEO of the company, he received a substantial amount of Uber stocks and is currently holding 33.2 million units.

Thuan Pham

Though little known to many outside Silicon Valley, Pham is the chief technology officer at Uber and one of the founding employees at the startup.

This Vietnam refugee in the United States received and hoarded a substantial amount of shares of Uber and currently holds 5.4 million shares of the company. The public listing of Uber will definitely put him on the list of wealthy techies.

Other individuals

Many other angel investors also put their money on the ride-hailing startup in its initial days and now its time to get the results. Investors like Chris Sacca, Cyan and Scott Banister invested heavily and hold a sizable amount of shares in the company.

Other top executives of the company including Dara Khosrowshahi, the current CEO of the startup, and its COO Barney Harford also received shares of the company. Khosrowshahi owns 196,000 shares of Uber while Harford is holding 105,211 shares.

Founders, early employees, and angel investors are not the only significant shareholder of this ride-hailing company with a global footprint. Many venture capitals also made huge bets on Uber and now its time for them to cash out with profits.

SoftBank

The Japanese conglomerate’s venture arm holds the most number of shares of the ride-hailing startup. In fact, the Uber received $9.3 billion from its jaw-dropping $100 billion vision fund and picked up 16 percent of the company’s shares.

Saudi Arabia’s Public Investment Fund

In 2016, the Saudi Arabia Public Investment Fund invested $3.5 billion to get control of 73 million shares of Uber and to get a place at the board of directors’ table. Chared by Prince Mohammed bin Salman himself, the fund holds 5.3 percent of the company.

Silicon Vally is one of the favorite places for investment funds and Uber attracted the attention of many in the region. Other than the two mammoths, the startup’s early investors’ list also includes names like First Round Capital, Sequoia Capital, Benchmark, Goldman Sachs, Google Ventures and Kleiner Perkins.