Oouch! Morgan’s Mullets Getting Uber aX’d

Bloomberg reports that Morgan’s wealth-management clients are already grousing…..According to BBG, Morgan’s private wealth management clients were offered a chance to invest in the Uber IPO via a fund called New Riders LP, which provided exposure to Uber at $48.77 a share, with holdings set to Class A stock in the IPO.

 

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https://www.zerohedge.com/news/2019-05-13/morgan-stanley-clients-saddled-massive-losses-after-disastrous-uber-ipo