Uber is planning a new round of fundraising that would at least match the $68bn peak valuation it reached before this year’s round of scandals — though investors who take part would be able to buy into the ride hailing company at a lower overall price than the headline number suggests.
The unusual arrangement, confirmed by two people familiar with the plan, is designed to help Uber maintain that it has not fallen from the high-water mark set by its last investment round more than a year ago, despite the upheaval from a sexual harassment scandal this year that has gutted its senior executive ranks.
The plan would include a secondary sale of shares by existing investors at a current market valuation that is likely to be some way below $68bn.