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How To Make A 12,000% Return On Uber's Ipo

by investopedia.com posted 2months ago 28 views
Goldman Sachs is poised to take in $600 million after a $5 million investment in Uber seven years ago. : While many investors expect to make rich profits off Uber Technology Inc.'s initial public offering, Goldman Sachs Group Inc. (GS) stands to reap a stratospheric gain, a 12,000% return on its investment. The investment bank is poised to take in $600 million after an initial $5 million investment in Uber that it made seven years ago, when the ride hailing firm was an unknown startup, per a detailed Bloomberg report.

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