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Morgan Stanley Is Said to Manage 2 Mln-Share Uber Block Trade

Drew Singer

(Bloomberg) -- Another large block trade in Uber Technologies Inc. priced overnight in the wake of its IPO lockup period expiration, a person familiar with the matter said.

Morgan Stanley sold two million shares on behalf of an unknown holder at $26.75 each, the person said, a 0.71% discount to Wednesday’s closing price.

It’s the latest of several blocks in this year’s largest U.S. IPO since selling restrictions lifted on Wedesday for pre-IPO shareholders and other insiders. Shares erased earlier pre-market gains to traded little changed.

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