[atishd]

by cut their losses, I assume you mean lock in a portion of gains. to have an idea of returns Benchmark and other investors experience at Uber's most recent valuation (which doesn't mean that's exactly what SoftBank would pay, if at all), see Uber's Path to IPO: https://equityzen.com/path-to-ipo/uber/

These return estimates are net of liquidation preferences. Even if the transaction takes place and does so at a price slightly lower than the recent valuation, early investors are sitting on a healthy return on investment and internal rate of return.

Disclaimer: I work at EquityZen, the preparer of the estimates in the info graphic linked above.