Deals
Uber Selects Morgan Stanley to Lead 2019 IPO
- Goldman Sachs is also said likely to take role in coveted IPO
- Uber could be valued up to $120 billion, bankers say
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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.