Uber reportedly selects Morgan Stanley to lead its 2019 IPO

Bradley Prior

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Uber reportedly selects Morgan Stanley to lead its 2019 IPO

Uber Technologies Inc. has selected Morgan Stanley to lead its public offering next year, according to two people familiar with the matter, meaning the investment bank will reap a larger share of the fees associated with a listing valuing the company at as much as $120 billion.

It’s another big win for Morgan Stanley banker Michael Grimes, who has become the go-to adviser for many of Silicon Valley’s largest IPOs. [Bloomberg]
 
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