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The floor of the New York Stock Exchange. Photo by Bloomberg.

Uber’s Biggest IPO Losers

Photo: The floor of the New York Stock Exchange. Photo by Bloomberg.

Uber’s initial public offering may have made history, but not for the reasons most of its investors were expecting, especially those who bought shares in later funding rounds.

After Uber’s post-IPO stock drop, late-stage investors who put almost $17 billion into the ride hailing giant—about 77% of its total equity funding—over the past three years are currently looking at a paper loss. Numerous other funds and companies—including Microsoft—that invested a further $842 million in 2015, were up barely 1% after Uber shares clawed back some of their losses on Tuesday.

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