(Bloomberg) — A block trade worth $2.1 billion of Uber Technologies Inc. shares is being offered via Goldman Sachs, according to a person familiar with the matter.
The bank is offering 45 million shares on behalf of an undisclosed holder, the person said, with a price range of $44.15 to $46.14. The seller is top holder Softbank Group Corp., according to a report by CNBC that cites anonymous sources. Uber shares fell 5.1% in postmarket trading, while rival ride-hailing firm Lyft Inc. fell 0.9% in an apparent sympathy trade.
The block trade is worth about $2.1 billion based on the latest closing price. The price range implies a maximum discount of 4.3% from Wednesday’s closing price for an offering that represents nearly three full days of average trading volume.
The transaction arrives one week before Uber reports earnings. Uber will announce quarterly results on Aug. 4 after the market closes.
(Updates with dollar value of the block trade and CNBC’s report that Softbank is the seller.)
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