Home Business Goldman Sachs Charging Uber “Almost nothing” For Financing

Goldman Sachs Charging Uber “Almost nothing” For Financing

When you purchase through our sponsored links, we may earn a commission. By using this website you agree to our T&Cs.

Fox Business Network’s (FBN) Senior Correspondent Charlie Gasparino reports Goldman Sachs Group Inc (NYSE:GS) charged Uber a marginal fee for recent financing in an effort to be the lead underwriter for a potential Uber IPO. Gasparino further reports Goldman is “working nearly for free” on the Uber deal because, “it is preparing to be lead underwriter on their upcoming IPO.”

On Goldman Sach’s financing for Uber:

“Goldman charged almost nothing to do this financing, raising money from its private clients for Uber. Why is it doing that —  it’s in preparation for an IPO. What we understand from bankers from every firm are now pitching Uber for an IPO…This is an interesting deal. This means that Uber is clearly, at least according to bankers, going public at some point soon. Goldman Sachs Group Inc (NYSE:GS) clearly doesn’t work for free because it likes to work for free.  It is working nearly for free on this deal because it is preparing to be lead underwriter on their upcoming IPO which a lot of people think will be over the next year.”

Our Editorial Standards

At ValueWalk, we’re committed to providing accurate, research-backed information. Our editors go above and beyond to ensure our content is trustworthy and transparent.

Sheeraz Raza

Want Financial Guidance Sent Straight to You?

  • Pop your email in the box, and you'll receive bi-weekly emails from ValueWalk.
  • We never send spam — only the latest financial news and guides to help you take charge of your financial future.