Reply to post: It was a resounding success... For Uber, not their investors.

What's that? Uber isn't actually worth $82bn? Reverse-gear IPO shows the gig (economy) is up

SirWired 1

It was a resounding success... For Uber, not their investors.

An IPO raises captial for a company that does not have to be paid back. Ever. Convincing a group of investors to pay more than what the market shortly thereafter says it's worth is a triumph! An IPO that leaps up in value means the company didn't get nearly as much cash as they should have for that share of the business.

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