May 09,2019

Everyone’s Private Driver: How Uber First Pitched Itself to Investors

Uber’s (UBER) initial public offering is one of the largest in recent U.S. history, marking a milestone for investors, who have weathered the ride-hailing company’s significant ups-and-downs.

Since Travis Kalanick, Garrett Camp, and Oscar Salazar founded Uber in 2009, the San Francisco-based ride-hailing business has raised almost $25 billion from at least 95 investors, including First Round Capital, Sequoia Capital, TPG Growth, Microsoft (MSFT), and PayPal (PYPL). Those investors are poised to win big after Uber goes public on Friday.

On Thursday, the company priced its IPO at $45 per share. At that price, the company raised $8.1 billion at a valuation of $82.4 billion. Uber got off to a bad start on Friday when it traded below its $45 IPO price.

Read the full article here.

Back to Articles

31 Jan 2023

Rising Interest Rates Chill Private Equity Pace

After a year of strength on the private equity front, 2022 is now in the rearview mirror and industry professionals anticipate a downgrade in performance for the coming year. Despite the fluctuations of the past few years, private equity has withstood the challenges relatively well. However, in certain areas such as exit activity and...

18 Jan 2023

IT Industry Titan John McKenna Announces Retirement

Congratulations to John McKenna, CEO of ConvergeOne, who announced his retirement today after 14 years at the helm. John has been an integral part of the IT industry for more than 30 years, and his leadership, dedication, and hard work have set the gold standard as a titan in our industry. John’s tenure at...

21 Dec 2022

Happy Holidays – The 2022 martinwolf Annual Letter

View a pdf of this letter here. Dear Clients, Partners, and Friends, It’s hard to believe we are closing the books on our 25th year in business. Looking back at our extraordinary colleagues past and present, hundreds of clients, and a global network of buyers and friends, I want to start this year’s letter...