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."
Copyright © 2014 Microsoft. All rights reserved.
Fundamental company data and historical chart data provided by Morningstar Inc. Real-time index quotes and delayed quotes supplied by Morningstar Inc. Quotes delayed by up to 15 minutes, except where indicated otherwise. Fund summary, fund performance and dividend data provided by Morningstar Inc. Analyst recommendations provided by Zacks Investment Research. StockScouter data provided by Verus Analytics. IPO data provided by Hoover's Inc. Index membership data provided by Morningstar Inc.
[BRIEFING.COM] The stock market ended the Thursday session on an upbeat note with blue chips showing relative strength for the second consecutive day. The Dow Jones Industrial Average (+0.4%) and S&P 500 (+0.3%) settled ahead of the Russell 2000 (+0.2%) and the Nasdaq Composite (+0.1%). It is worth mentioning the benchmark index posted its fourth consecutive gain, registering a new record closing high at 1992.38.
Equity indices climbed out of the gate thanks to early strength among ... More
More Market News
|There’s a problem getting this information right now. Please try again later.|
VIDEO ON MSN MONEY
MUST-SEE ON MSN
- Video: Easy DIY smoked meats at home
A charcuterie master shares his process for cold-smoking meat at home.
- Jetpacks about to go mainstream
- Weird things covered by home insurance
- Bing: 70 percent of adults report 'digital eye strain'