Ackman says he has collected a share in Uber worth $ 2 billion

(Bloomberg) – Bill Ackman said Hans Hedgefond Pershing Square Capital Management owns 30.3 million shares in Uber Technologies Inc., citing the strength of Ridinghare Company’s management and says its share has been underestimated.

The company began market assessment.

“We think Uber is one of the best -controlled companies of the highest quality in the world,” he wrote in the post. “Remarkably, it can still be purchased with a massive discount on its own value. This favorable combination of attributes is extremely rare, especially for a large cap company. “

“We will soon have more to share about our thinking about the company,” he added. A spokesman for Uber did not immediately respond to a request for comment on Ackman’s statement.

Uber shares rose as much as 9.3% in New York after Ackman’s reveal. The share rose by 16% this year through Thursday’s end.

Just a few days ago, Uber issued a muted gross booking prospects for the first quarter, causing shares to fall as much as 9% on Wednesday. Still, Wall Street analysts remained optimistic about the company’s long-term growth opportunities, where Wedbush analysts wrote that the weakness of the stock is “unjustified for a company showing strong fundamental.”

Uber CFO Prashanth Mahendra-Rajah said in prepared remarks after the earnings announcement that the company believes it is “underestimated despite these strong basic conditions and plans to be active and opportunistic buyers of our stock.”

(Updates with additional details in the last paragraph.)

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