Comment / The bumpy Uber Freight road to IPO. Or?

ID 13918271 © Russ Beinder | Dreamstime.com

Almost four years ago, a group of investors led by New York-based Greenbriar Equity Group committed to a $500m preferred stock funding in favour of Uber Freight, stamping on it a $3.3bn valuation on a post-money basis.

“Uber will maintain majority ownership in Uber Freight and will use the funds to continue to scale its logistics platform and accelerate product innovation to equip shippers with technology to power their supply chains,” the parties said at the time. 

Those busy days at Greenbriar ...