Unicorn Tender Offer In The Offing?

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.

UberTenderOfferWhile 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.

About JeffKoeppel

I am a corporate/securities attorney in the Washington, DC area. Prior to joining the firm, I was a Senior Attorney Advisor in the Division of Corporation Finance at the U.S. Securities and Exchange Commission. I am a member of the Bars of the States of Maryland, New York and the District of Columbia. You can also follow this blog on LinkedIn at: http://www.linkedin.com/pub/jeffrey-a-koeppel/0/63/5a9
This entry was posted in accredited investor, Banking, Broker dealers, checkbook, Congress, Crowd Fund Act, Crowd Fund Act of 2012, Crowd Funding At the Margins, Crowd Funding Platforms, Investments, Jobs, Legislative Intent, review, SEC, technology, VC, Venture Capital, Wall Street and tagged , , , , , , , , , , , , , , , , , , , , , . Bookmark the permalink.

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