Uber selects Morgan Stanley to lead IPO

Someone mentioned to me that Uber could, at least in theory, tell prospective IPO buyers that their allocations would be tied to agreements not to buy into Lyft's IPO. Again, no inside info here — just a theory based on its prior hardball tactics with private market investors.

• One banker tells me he thinks it wouldn't be legal, at least for public mutual funds, but that there could be wink-wink agreements for investors that put themselves on the cover with pre-arranged purchase agreements. Kind of like we see with extended lockups.