Uber picks electronic-trading giant Citadel Securities as its designated market maker, or DMM, ahead of its NYSE debut
Uber Technologies Inc. has chosen electronic-trading giant Citadel Securities LLC to manage its hotly anticipated initial public offering on the New York Stock Exchange, people familiar with the matter said.
The ride-hailing company selected Citadel Securities as its designated market maker, or DMM, earlier this week, the people said. Such firms help ensure orderly trading of stocks listed on the NYSE. Each company going public on the Big Board chooses a DMM ahead of its IPO. The firms are often called by their old name, “specialists,”...
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