Ousted Uber CEO Travis Kalanick's stake in the ride-hailing giant he co-founded a decade ago, which is going public Friday, is now worth more than $5 billion.
The company set its IPO price at $45 a share Thursday, on the low end of its target range, after the dismal showing of its big rival, Lyft, on public markets so far.
Uber co-founders Kalanick, Garrett Camp and Ryan Graves were on hand at the New York Stock Exchange as CEO Dara Khosrowshahi rang the opening bell to kick off the day's trading.
When asked how by CNBC how he felt Friday morning, Camp _ who came up with the idea for Uber _ said simply, "I'm glad it worked out."
Kalanick, who was forced to step down as chief executive of Uber two years ago, remains on the San Francisco company's board. He has an 8.6 percent stake in Uber. Graves and Camp also remain on the board and have sizable stakes in the company.
Kalanick was ousted in June 2017 after scandals galore for Uber. In February of that year, former company engineer Susan Fowler published an essay in which she accused Uber of doing nothing in response to her allegation of sexual harassment. That was followed by other news reports and public accusations of harassment, racism, sexism and homophobia at the company. Also, Uber reportedly was using a tool to evade law enforcement, and a leaked email showed Kalanick addressing sex between employees and warning workers of a "puke charge" during a company trip.
Amid all the culture-related scandals, Google spinoff Waymo accused Uber of stealing its self-driving vehicle trade secrets. The two companies settled in 2018 for about $245 million in Uber equity, so Waymo also stands to benefit from Uber's IPO.
In early June, after months of bad press, Uber fired 20 employees for various reasons. Kalanick stepped down at the request of the board a couple of weeks later.
Kalanick is now CEO of City Storage Systems, a Los Angeles-based holding company that repurposes distressed real estate properties. Its holdings includes CloudKitchens, which provides kitchen-rental services for restaurants and food brands _ and is a partner of UberEats, Khosrowshahi tweeted in March.
Here's how other Uber players with the biggest stakes in the company made out, based on the company's IPO pricing:
SoftBank (16.3 percent): $9.8 billion
Benchmark Capital (11 percent): $6.5 billion
Garrett Camp (6 percent): $3.5 billion
Saudi Arabia's Public Investment Fund (5.3 percent): $3.3 billion
Alphabet (5.2 percent): $3.2 billion
Ryan Graves (2.4 percent): $1.4 billion
TPG (2.4 percent): $1.4 billion
