Uber Shares Still Cost $38 For Another Few Days

Back in February, Benzinga reorted that Elite Crowdfunder was offering an opportunity for investors to buy shares of privately-held Uber for $38 per share. According to a new note, that price is once again available for investors through March 28.
 

The $38 share price is similar to the price at which Microsoft Corporation MSFT took a $100 million stake in Uber back in summer 2015.
 

“Locating viable vehicles that are able to acquire shares in Uber vie the secondary market, prior to the company going public, is rare,” the fundraising site says.
 

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Equity Crowdfunder announced that it has extended its offer for Uber shares at a price of $38 due to an overwhelming response from investors, and interested investors can take a stake for a minimum $25,000 investment any time prior to March 28. Anyone that misses the deadline will be placed on a waiting list until the next round of Uber shares become available.

Uber has already raised more than $8.2 billion in funding. The company’s latest fundraising push in December 2015 puts the total valuation of the company at about $62.5 billion. Uber reportedly generated $46.7 million in revenue in the first half of 2015.
 

Disclosure: the author holds no position in the stocks mentioned.