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Uber hires more IPO underwriters as it prepares to go public


Uber has added more than 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, the sources said.

Uber has added more than 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, the sources said.

Ride-hailing startup Uber Technologies Inc has hired a string of investment banks to its syndicate of initial public offering underwriters, as it ramps up preparations for a stock market debut, people familiar with the matter said on Tuesday.

Smaller rival Lyft Inc is racing to list in the stock market at the end of March. While Uber will not beat Lyft to an IPO, the preparations are aimed at giving it the flexibility to go public as early as the first half of 2019, the sources said.

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