Here’s the latest indication that an Uber IPO could be on the horizon

By November 9, 2016Uncategorized
This post was originally published on this site

SILICON VALLEY — Earlier this year, Uber quietly sold shares in its company to high-net worth, individual investors eager to own a small stake ahead of the company’s as-yet-unannounced IPO. They sold the shares through the private wealth divisions of Bank of America and Morgan Stanley, despite refusing to share information about the company’s underlying financial performance.

Two other banks, JPMorgan Chase and Deutsche Bank, declined to participate in the sale, saying the company’s refusal…