The ride-hailing large dropped its S-1 this afternoon, confirming plans to commerce on the New York Inventory Alternate underneath the ticker image “Uber.” The corporate didn’t disclose the valuation it’s looking for, however is alleged to be planning to promote round $10 billion in inventory.
The submitting highlights Uber’s key stockholders, together with Kalanick, who owns 8.three % of the corporate’s pre-IPO shares valued at roughly $9 billion, assuming an preliminary market cap of $100 billion.
Uber has raised almost $20 billion in a mix of debt and fairness funding, making it essentially the most well-capitalized pre-IPO enterprise ever. Its IPO will make historical past because the eighth largest debut in U.S. historical past, Axios studies.
In response to the submitting, the SoftBank Imaginative and prescient Fund owns 16.three % of pre-IPO shares. Its remaining largest shareholders embrace Benchmark (11 %), Uber co-founder Garrett Camp’s startup studio Expa (6 %), Saudi Arabia’s Public Funding Fund (5.three %), and Alphabet (5.2 %).
Uber’s early stakeholders, although not talked about within the submitting, will undoubtedly make some huge cash on the IPO, too. That features Menlo Ventures, Lowercase Capital and First Spherical Capital, in addition to a bunch of particular person traders.