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] The stock market finished an upbeat week on a mixed note. The S&P 500 shed less than a point, ending the week higher by 1.3%, while the Dow Jones Industrial Average (+0.1%) cemented a 1.7% advance for the week. High-beta names underperformed, which weighed on the Nasdaq Composite (-0.3%) and the Russell 2000 (-1.3%).
Equity indices displayed strength in the early going with the S&P 500 tagging the 2,019 level during the opening 30 minutes of the action. However, ... More
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