who is selling Uber

Airbnb heyha
May 13 15 Comments

I thought there is 6 months lockup. So who is selling.

comments

Want to comment? LOG IN or SIGN UP
TOP 15 Comments
  • Facebook public2
    Everyone who isn't an employee?
    May 13 0
  • Lyft blah212
    Lol, the 8-9 billion worth of stock they sold at IPO doesn't have any lockout .
    May 13 2
    • Google pmperson
      But why would someone be selling those at below what they got it for?
      May 13
    • Amazon foreverL5
      I assume they think it’ll keep going down, so they’re cutting their losses
      May 13
  • Microsoft MSFTBRO
    Better question is who is buying Uber stock right now?
    May 13 1
    • New / ÷
      Stock going down is always a 'buying opportunity' for some.
      May 13
  • Qualcomm dynasty001
    Wont the VC , instituitional/early investors get to sell their stake first ?
    May 13 1
    • Google pmperson
      Typically they all have the lockout
      May 13
  • Oracle imiss
    I don't think you can short Uber as of today. Once its available for shorting let's see how it will hold.
    May 13 0
  • Uber fudhbe47
    180M shares released to the market to trade (also for Uber to raise $8B fund). Some institutions wanted to make quick money / stop their losses, so they were not going to hold for long term value.
    May 13 0
  • New fFVE56
    I don't know
    May 13 0
  • LinkedIn stuffy🐷
    The institutions who subscribed to the IPO were selling. The public is buying. Obviously there are not enough buyers so the institutions are getting out and the stock is tanking.
    May 13 2
    • Airbnb heyha
      OP
      Why the institution subscribe to it if they want to sell so quick? So things will only get worse?
      May 13
    • LinkedIn stuffy🐷
      Because on average the institutions get good deals and make money. Some IPOs are hot so the public can never get the low IPO price that the institutions paid for.
      May 13
  • Airbnb heyha
    OP
    So it is because there is no buyer?
    May 13 0

Join verified employees in our anonymous social network! Download the app!

close