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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— Reporting by CNBC's David Faber.
CORRECTION: The story has been updated to clarify the correct details of Uber's valuation and financing.