• Triton

Uber's IPO is almost like a follow-on

This morning on CNBC's Squawk Box, Triton's Rett Wallace appeared alongside Dan Primack to discuss Uber's IPO ahead of the pricing tonight and initial trading tomorrow morning.

In the discussion, Wallace noted that many of the large long-only investors, funds who normally might be big buyers during an IPO of this size, were already holders of Uber shares in the private market, which puts an increasing amount of pressure on the underwriters.

Excerpt from appearance on CNBC's Squawk Box - HERE