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Goldman’s 12,000% Consolation Prize

By Bloomberg
08 May 2019   |   8:28 am
Goldman Sachs Group Inc. is missing out on leading the hottest IPO in years, Uber Technologies Inc. The consolation: a potential $600 million windfall from a mere $5 million wager that Goldman’s bankers made using the firm’s own money back in 2011, only a year after Uber had started offering rides.

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