Friday, 22 March 2019 06:14 GMT
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Uber signs up more IPO underwriters



(MENAFN) Ride-hailing startup Uber Technologies Inc has employed a string of investment banks to its association of initial public offering underwriters, as it enhances preparations for a stock market debut.

According to sources, smaller rival Lyft Inc is rushing to list in the stock market at the end of the month, while Uber will not beat Lyft to an IPO, as the preparations are intended to give it the flexibility to go public as early as the first half of the year.

The company has added over half a dozen investment banks, including Bank of America Corp, Barclays Plc, Citigroup Inc, Allen & Company, Deutsche Bank AG and JMP Securities, to its IPO underwriting lineup.

These banks will support Morgan Stanley and Goldman Sachs Group Inc, which Uber hired in 2018 to lead its public offering.

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Uber signs up more IPO underwriters

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