Hedgies go private ahead of possible Uber IPO

Written By Unknown on Selasa, 23 Desember 2014 | 17.08

A savvy hedgie who set up a fund solely to invest in China's Alibaba before its blockbuster IPO this year is making a similar bet on Uber Technologies.

Paul Hudson of Glade Brook Capital Partners, who created a $250 million fund to buy private shares of Alibaba, has joined other alums from Julian Robertson's Tiger Global — Lone Pine Capital and Valiant Capital Management — in financing the car-hailing app in its private stage before it goes public.

By getting in at a low cost when tech companies are private, the hedgies stand to reap a big gain if the firms go public at high valuations.

Stock in Alibaba, the biggest IPO in history, jumped 38 percent in its first day to nearly $94.

Glade Brook's new Uber fund was first reported by Institutional Investor's Alpha.


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