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

Video Credit: Wochit - Duration: 00:59s - Published < > Embed
After Uber's IPO, Are Its Investors The Biggest Losers?

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

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.

IPO investors have lost $655 million, while investors from 2016 and 2018 have between them lost $2.27 billion.

Investors who bought Uber shares 3 years ago have lost 15% of their money, before fees.

The opportunity cost is even greater: Investors in the S&P 500 have seen their money grow by 50% over the same period.

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