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Uber is raising more billions?

InvestX Editorial Team
2 Comments|June 23, 2016


Uber’s recent the most highly valued venture capital-backed company in the world. At the time holding a $62.5 billion valuation.

/www.marketwatch.com/story/uber-to-raise-up-to-2-billion-in-leveraged-loan-market-2016-06-14-141033352" style="box-sizing: inherit; color: rgb(44, 49, 63); text-decoration: none; box-shadow: 0px 1px 0px 0px; background-color: transparent;" target="_blank">Market Watch reported that Uber isn’t stopping on its funding frenzy! Now raising $2 billion through institutional investors in order to keep funding its rapid growth. Even though there aren’t specifics of how exactly these funds are going to be used, we can assume that the company may need these funds to stay ahead of competitors like Lyft who has also been creating strategic alliances and expanding its market. With this last raise, the company’s valuation is going to reach an astonishing valuation of $68 billion dollars!

Wall Street Journal

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/www.investx.com/?utm_source=stockhouse&utm_medium=article" style="color: rgb(68, 105, 125); outline: 0px; text-decoration: none; font-weight: 700; font-family: Arial, sans-serif; line-height: 20px; background: 0px 0px;" target="_blank">InvestX offers members access to the #1 returning asset class: Private Equity. Sign up for free to see available deals and learn more about private equity!




Comments

The final destination for Uber is "ZERO"
(27)
May 13, 2019

uber...th next Enron
(288)
February 21, 2019

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