"The demand side has dried up relative to the sell side," said Larry Albukerk, managing director of EB Exchange, a San Francisco broker that has arranged private sales of tech-company shares since 1999. "We're getting calls all the time from people who want to sell" at least part of their Uber stake, said Albukerk.
Uber employees have long faced tighter restrictions on share sales compared to workers at other tech start-ups. Arranging private share sales for Uber insiders has been notoriously difficult, said Albukerk, because CEO Travis Kalanick has kept a tight grip on transactions.
Another secondary market broker, who asked not to be named so as not to endanger his relationship with clients, said Uber has a "lockdown" on private sales.
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