Here’s something you don’t see everyday – a tender offer for a privately held unicorn’s shares.
This ad is in today’s Wall Street Journal and notes that a consortium of private investors (Softbank?) intends to offer to purchase Uber shares from stockholders who are “accredited investors” who own 10,000 or more shares, and/or vested or unvested options.
While not a real secondary market, this will provide those that feel that Uber is on shaky ground an avenue to liquidity. There is no indication of the offer price in the ad.