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.
