Search Results for:Heather Somerville
Dropbox set a price range of $16 to $18 per share, which would raise up to $648 million in the IPO. The pricing is about a 30% drop from the $10 billion valuation it earned in early 2014 after a BlackRock-led financing round.
The new fund comes just two years after Norwest raised a $1.2 billion fund, which was at that time the firm’s largest.
The funding boosts its valuation and providing new resources for the startup to compete against heavyweight Amazon.com Inc.
Waymo finally agreed to a deal of $245 million in Uber equity.
Investors will take 17.5% in Uber with SoftBank keeping 15%, triggering a number of governance changes at Uber.
The net book value of Xchange Leasing’s more than 30,000 vehicles was roughly $400 million.
Pishevar said in a statement provided by his lawyer that he was voluntarily leaving Sherpa Capital, which he co-founded, because of ongoing “untruthful attacks” against him.
Didi has spoken before of global ambitions, but has not formally announced where or when it would expand. The Chinese company is the second-most highly valued, venture-backed private firm in the world, after Uber Technologies Inc.
The stock sale advertised in the New York Times will enable Uber investors to sell their shares to Japanese investor SoftBank.
This is Airbnb’s latest move to grow its global travel business.