Morgan Stanley reap millions of dollars in fees for Uber IPO, clients stare at losses

Morgan Stanley reap millions of dollars in fees for Uber IPO, clients stare at losses

Uber executives on the floor of the New York Stock Exchange during the company's IPO on May 10. Photographer: Michael Nagle/Bloomberg

Morgan Stanley investment bankers stand to reap millions of dollars in fees for leading Uber Technologies Inc.’s initial public offering last week. Yet wealthy clients are facing losses.

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