- Uber is gearing up for one of the biggest tech initial public offerings of all time.
- Its paperwork has been filed with the Securities and Exchange Commission and made public, giving us a glimpse at its biggest shareholders are.
- These are the people that stand to gain the most if Uber's entrance as a public company is well received by investors.
Uber just publicly revealed the paperwork for its giant initial public offering (IPO). This paperwork doesn't yet include key details, such as how much the company expects to charge for each share of its stock or how many shares it will sell.
But it does reveal who the biggest shareholders are.
And with that knowledge — plus a little digging on Pitchbook, a database that tracks private companies' financial-deal details — we know which people and investors will score the biggest on Uber's IPO.
Travis Kalanick
Travis Kalanick's rise and fall as Uber's founder and CEO has been well documented. He left the CEO job in summer 2017 (and launched a new company) and sold off a sizeable chunk of his stake to Softbank at that time. That sale put $1.4 billion in his pocket, and it represented only 30% of his stake.
He's the largest individual shareholder. He owns more than 117.5 million shares, or about 8.6% of the company.
Just for fun: If Uber's shares command what Lyft is trading for, about $60 per share, this stake would be worth more than $7 billion.
Garrett Camp
Garrett Camp is Uber's original founder. He created an app for hailing black-car limo services that his buddy Kalanick loved. Kalanick invested in the fledgling company, joined the startup, and later became its second CEO.
Camp, who is also known for the other tech company he founded, StumbleUpon, has been on the board since its earliest beginnings, sometimes as chairman and other times as just a board member.
Camp is the second-largest individual shareholder. He owns nearly 82 million shares, or about 6% of the company.
Again, just for fun: At $60 per share (what Lyft is trading for), that stake would be worth nearly $4.9 billion.
Dara Khosrowshahi
Dara Khosrowshahi is Uber's CEO, hired to navigate the company out of its well-publicized cultural issues and into an IPO.
He's been on the job for about two years now, and one of his major directives was to take the company public. Insiders have told Business Insider that he's been particularly pressured to launch an IPO with a valuation of $120 billion and that he will be eligible for some hefty bonuses if the IPO hits and maintains that valuation.
His stake is 196,000 shares.
See the rest of the story at Business Insider