Due to Uber IPO, the Saudi investment fund lost more than $ 200 million.

According to the information , the Saudi Arabian Public Investment Fund was one of the first investors to trust Uber billions of dollars last year.

However, due to the initial placement of Uber shares, this fund has lost more than other investors. When investing the value of the company’s shares was 48.77 dollars per 1 share, at the time of writing the news, this figure was at the level of 42-45 US dollars.

Immediately after the launch of the IPO fund, Saudi Arabia lost more than $ 200 million of its investments, which amounted to $ 3.3 billion.

Zorain Zubair
Zorain Zubair
Zorain is co-founder of TechLapse. Based in Pakistan, Zorain is currently studying Business Management and aims to achieve the title of Chartered Accountant. Zorain loves writing about various technology news. He can be reached at: [email protected]

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