Saudi Wealth Fund Loses $200M on Paper After Uber’s Rocky Stock Market Debut
Uber’s initial public offering (IPO), one of the biggest in US history, left stockholders and the firm’s board disappointed, as it fell nearly 8 per cent below the IPO price on the first day of trading. Saudi Arabia’s sovereign wealth fund appears to be one of the biggest losers in Uber’s much-anticipated IPO. Wrapping up a ten-year journey from a small ride-sharing...