Deals
Morgan Stanley Wins Stabilization Role for Uber IPO
- Additional work could bring bank more fees in Uber offering
- Ride-hailing company to launch roadshow as soon as late April
This article is for subscribers only.
Morgan Stanley will take on the profitable job of overseeing Uber Technologies Inc.’s stock in the early hours of trading after the global ride-hailing giant goes public, people familiar with the matter said.
Morgan Stanley, Goldman Sachs Group Inc. and Bank of America Corp. are the lead underwriters listed in Uber’s confidential filing with the U.S. Securities and Exchange Commission for an initial public offering, said the people, who asked not to be identified because the details aren’t public. Barclays Plc., Citigroup Inc. and Allen & Co. are also working on preparations for the listing by the world’s largest ride-sharing company, the people said.