Uber’s ousted CEO Travis Kalanick set to get richer by $8.6 billion from IPO
13 April 2019 12:00 AM IST
Close to two years after Travis Kalanick resigned from the company's board as its chief executive officer following pressure from investors, Uber's co-founder is set to reap billions of dollars from its IPO on the New York Stock Exchange.
- Kalanick owns 8.6 per cent (117.5 million shares) of Uber, as per the IPO filing by Uber.
- Close to two years after Travis Kalanick resigned from the company's board as its chief executive officer following pressure from investors, Uber's co-founder is set to reap billions of dollars from its IPO on the New York Stock Exchange.
- This translates into a value that could be up to $8.6 billion post IPO as the company is looking to reach $100 billion valuation, CNBC reported.
- Home INDUSTRY SME Uber's ousted CEO Travis Kalanick set to get richer by $8.6 billion from IPO
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