Will Uber Convertibles Run Out Of Gas?

 Uber just completed a $1.6 billion, six-year convertible debt raise via Goldman’s private wealth group. “But Robbie,” you say, “how do you even put a value on a convertible bond if there isn’t any stock to convert the bond into?” A great question, and one that has a number of significant implications. Since we’re all friends here, let’s go ahead… Read More