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Uber reported to tap retail investors in its latest round

01/12/2016| 2:52:24 PM| 中文

Uber is seeking capital from Morgan Stanley's network of high-net worth clients in its latest funding round, sources told CNBC Monday.

Uber is seeking capital from Morgan Stanley's network of high-net worth clients in its latest funding round, sources told CNBC Monday.

Retail investors with Morgan Stanley could pledge a $250,000 minimum to the company at $48.72 a share, sources said. The Morgan Stanley round would mark an expansion for the company toward retail investors on top of existing venture capital funding for the on-demand ride-hailing start-up.

 

Sources said Morgan Stanley investors would join funders previously leaked to outlets like The New York Times in December, which reported that privately owned Uber's valuation was $62.5 billion.

Representatives from Uber and Morgan Stanley declined to comment on the report.

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TAGS: Uber | investment | retail investor
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