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Report: Morgan Stanley lands coveted Uber IPO role

Uber has reportedly picked Morgan Stanley to lead its upcoming initial public offering, news of which became public last week when the ride-hailing giant filed confidentially with the U.S. Securities and Exchange Commission for an IPO expected in the first quarter of 2019.
Uber’s choice, first reported by Bloomberg, comes after a months-long bidding war, of sorts, between Morgan Stanley and Goldman Sachs. The pair of investment banks presented IPO plans to Uber this fall, in hopes of landing the top underwriting spot in what will be one of the largest stock market debuts to date. Morgan Stanley, having won the battle, can expect to receive a large portion of the fees that come with an IPO.
We’ve reached out to Uber and Morgan Stanley for comment.
Report: Morgan Stanley lands coveted Uber IPO role
Michael Grimes, managing director of global technology for Morgan Stanley, speaks at the TechCrunch Disrupt conference on Tuesday, Sept. 28, 2010
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