Article: Uber underwriters worried about the IPO deployed unusual ‘naked short’ tactic to support the stock

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Uber underwriters worried about the IPO deployed unusual ‘naked short’ tactic to support the stock

Leslie Picker, Hugh Son

CNBC, 14 May 2019

Uber’s underwriters, led by Morgan Stanley, were so worried the company’s initial public offering had run into trouble, they deployed a nuclear option ahead of the deal last week, so they could provide extra support for the stock, four people with knowledge of the move said.

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