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After Uber's IPO, Are Its Investors The Biggest Losers?

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Uber is the ultimate minotaur: private-market funding was to create a self-fulfilling prophecy of dominance and market power. But according to Business Insider, it hasn't worked out like that. Uber raised $15.35 billion at $48.77 per share; it then raised another $8.6 billion in its IPO on Thursday at the slightly lower price of $45 per share. Now, they're actually worth $41.57, and a whopping 81% of the $29.55 billion in equity that Uber has raised is underwater.

Added on the 13/05/2019 08:23:25 - Copyright : Wochit

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