Uber raising up to $600 million at $62 billion valuation
Uber has announced it is raising $400-600 million from investment firms Coatue Management, Altimeter and TPG at $62 billion valuation through stock sale. The deal will also allow current Uber employees to sell their shares. It comes at a time when Uber posted a net revenue of $2.5 billion and $601 million net loss for the first quarter of 2018. 