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Morgan Stanley and Goldman Sachs have won the top two places in the Uber IPO – joining 27 other banks to fill the underwriting roles of the company, according to Uber's S-1 , released Thursday.
Despite the competition between Uber and rival Lyft, the list of bankers shows some overlap with the 29 banks of the Lyft IPO, which was finalized in late March.
Uber plans to raise $ 100 million at the IPO, with a valuation of between $ 90 billion and $ 100 billion, Reuters reported, making it one of the biggest competitors of the most. important IPO of the year. These figures could change by the date still unknown to which Uber is currently listed on the New York Stock Exchange.
More: JPMorgan and Credit Suisse will receive almost equal amounts for helping to make Lyft public, and this is part of a growing trend for IPO fees.
Until the last few months, the competition between the IPO between Lyft and Uber was fierce. Those familiar with the process described strict rules preventing some banks from working on both transactions. Uber's S-1, however, reveals that 11 of the smaller insurers managed to get their name in both IPOs.
RBC Capital Markets, the sixth largest bank on the Lyft front page and the seventh on the Uber front page, was the most successful market.
More: Lyft bankers are trying to compare the mobile phone application to Grubhub and luxury retailer Farfetch – here's what they say to investors
The other dual listed banks are JMP Securities, Raymond James, Academy Securities, Cowen, Loan Capital Markets, Canaccord Genuity, CastleOak Securities, Mischler Financial Group, Siebert Cisneros Shank and Williams Capital Group.
Here are the 29 banks on the IPO of Uber:
- Morgan Stanley & Co. LLC
- Goldman Sachs & Co. LLC
- Merrill Lynch, Pierce, Fenner and Smith
- Barclays Capital Inc.
- Citigroup Global Markets Inc.
- Allen & Company LLC
- RBC Capital Markets, LLC
- SunTrust Robinson Humphrey, Inc.
- Deutsche Bank Securities Inc.
- HSBC Securities (USA) Inc.
- SMBC Nikko Securities America, Inc.
- Mizuho Securities USA LLC
- Needham & Company, LLC
- Loop Capital Markets LLC
- Siebert Cisneros Shank & Co., L.L.C.
- Academy Securities, Inc.
- BTIG, LLC
- Canaccord Genuity LLC
- CastleOak Securities, L.P.
- Cowen and Company, LLC
- Evercore Group L.L.C.
- JMP Securities LLC
- Macquarie Capital (USA) Inc.
- Mischler Financial Group, Inc.
- Oppenheimer & Co. Inc.
- Raymond James & Associates, Inc.
- William Blair & Company, L.L.C.
- Williams Capital Group, L.P.
- TPG Capital BD, LLC
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