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Uber to raise $1.6-billion in convertible debt

Discussion in 'Uber Drivers Forum' started by Dreamer, Jan 21, 2015.

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  1. Dreamer

    Dreamer
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    Online ride-sharing company Uber Technologies Inc has raised $1.6 billion in convertible debt from wealth management clients of Goldman Sachs Group Inc, a person familiar with the matter told Reuters.

    The U.S. car service, which allows people to summon rides at the touch of a button, plans to use the money to build its presence in international markets, improve safety and invest in research and development, according to Bloomberg, which first reported the news.
    The company is also in talks to raise $600-million under its series E funding round, the source told Reuters.

    Uber said in December that it raised $1.2-billion in its latest round of funding and had additional capacity for strategic investments, valuing the U.S. taxi service firm at $40-billion.
    http://www.theglobeandmail.com/repo...-billion-in-convertible-debt/article22559451/
     
  2. Orlando Uber Driver

    Orlando Uber Driver
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    wow I wonder if a person can buy UBER stock
     
  3. Throckmorton Subterfuge

    Throckmorton Subterfuge
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    Not until the IPO, silly!
     
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