SoftBank/Dragoneer/Sequoia $9.3 billion investment in Uber Technologies

Overview:

• An investor group led by SoftBank Group, Dragoneer Investment Group and Sequoia Capital has completed a $9.3 billion investment in US ride-hailing company Uber Technologies. 
• The group purchased roughly 17.5% of Uber's shares, making SoftBank Uber's largest shareholder at a stake of 15%. 
• The investment was first announced in October, but was subject to a number of obstacles and delays. 
• The purchased shares were mostly sold by Uber employees and early investors at a considerable discount based on previous valuations. 
• Uber is expected to make its IPO in 2019. 

Kurt Stumpo - Journalist