The bank is positioned to collect roughly $37 million in combined fees, a small number for Morgan Stanley but a boost for an investment banking unit that's been hit in the past couple years.The New York Stock Exchange welcomes Reddit, Inc. to celebrate its initial public offering. To honor the occasion, Snoo, rings the Opening Bell®.
Some market experts see the past week's action as a sign of what's to come. New York Stock Exchange President Lynn Martin told CNBC on Thursday, at the opening of Reddit trading, that a lot of companies are working toward going out in the second quarter.That would be welcome news for Morgan Stanley. The bank collected around $37 million in total fees as the lead underwriter for the Astera and Reddit IPOs.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Here’s how Reddit’s IPO could boost these 2 key businesses at Morgan StanleyReddit's public debut comes at a crucial time for Morgan Stanley after reporting lackluster quarterly results and seeing its stock underperform.
Source: CNBC - 🏆 12. / 72 Read more »
Reddit goes public in the most Reddit of waysOnce considered among the dark alleys of the internet, social media platform Reddit, now almost 20 years old set up a Thursday public stock offering to raise nearly $520 million on a company valuation of $6.4 billion.
Source: KSLcom - 🏆 549. / 51 Read more »
Reddit-based tokens MOON and BRICKs rally ahead of oversubscribed Reddit's IPOReddit-related tokens r/CryptoCurrency Moons (MOON) and r/FortNiteBR Bricks (BRICK) are rallying sharply on Wednesday, ahead of Reddit's (RDDT.N) Initial Public Offering (IPO), which has been reported as oversubscribed.
Source: FXStreetNews - 🏆 14. / 72 Read more »
Amazon gets boost from 72% pop in AI company Astera Labs' IPOAmazon is poised to benefit from the Astera Labs IPO after signing agreements that allow it to buy about 2.3 million shares.
Source: CNBC - 🏆 12. / 72 Read more »
‘Peetah’ Morgan, lead singer of family reggae band Morgan Heritage, dies at 46The New Black View
Source: NYAmNews - 🏆 269. / 63 Read more »
Stocks making the biggest premarket moves: Micron, Apple, Astera Labs, Broadcom and moreThese are some of the stocks posting the largest moves in the premarket.
Source: CNBC - 🏆 12. / 72 Read more »