How to get a $100,000 investment in a tech start-up
What happens if you have $100 million to invest in a start-ups technology company?
That’s the question Uber is asking.
Uber CEO Travis Kalanick announced Thursday that he plans to sell the company at $50 billion to a private equity firm.
He is asking investors to pay $100 each, with the goal of raising $150 billion over the next two years.
The company’s stock is up about 20% this year and was up by more than 20% in January.
The private equity company, Colony Capital, is expected to offer investors about $1 billion.
Kalanicks public offering comes a week after it raised about $80 billion in public equity.
Uber’s CEO, Travis Kalani, said in a conference call with investors that he wants to focus on driving innovation and building a sustainable future, while he also wants to create a path for his company to become the world’s most valuable company by the year 2020.
Kalani said that the company will use its funds to help accelerate its growth and build its workforce.
“We believe that we will be able to do both simultaneously,” he said.
The public offering is the first in a new series of public offerings.
The idea behind the new rounds is to use existing equity to help scale up the company and make investments to help it become more competitive.
The next round is expected in December 2019, and the last one in December 2021.
The first round was $70 billion.
This week, the company raised about three times the amount of money it needed.
Investors will be paid a 10% dividend, according to a spokesperson for the company.
The stock price rose in early trading Thursday, trading at $40.49.