Morgan Stanley to take Hulu public
The financial giant will reportedly lead the much-anticipated initial public offering for for video-streaming service.
By Maria Woehr, TheStreet
Dealogic reports that as of Oct. 8, Morgan Stanley was in second place as a bookrunner, raking in 28 deals grossing more than $11 billion year to date. Goldman Sachs (GS) was in first place, with 40 deals totaling $11.3 billion. This year there have been 940 IPOs totaling more than $156 billion.
"Morgan Stanley has been one of the better IPO underwriters," says Scott Sweet of senior managing partner IPO Boutique. "Certainly Netflix (NFLX) and Gamefly are considered consumer products. So far there have been 27 IPOs in the pipeline of 180."
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[BRIEFING.COM] As has been the case throughout the week, there isn't a whole lot of participation in today's market. The proof of that point shows up in the volume data.
Recall that Thursday was the lowest volume day of the year at the NYSE. At this point yesterday, 259 mln shares had trade at the NYSE; today, only 218 mln shares have traded. That clearly leaves today on track to be the lowest volume day of the year.
Given the geopolitical scene of late, there is ... More
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