Silicon Valley isn't quite ready to dump Morgan Stanley over the Facebook IPO fiasco. |||
Silicon Valley isn't quite ready to dump Morgan Stanley over the Facebook IPO fiasco. It could be said that playing a role in botching the world's biggest tech initial public offering would be enough to kick its lead banker out of the club, or at least to the curb, but a tarnished image hasn't necessarily dented Morgan Stanley's position as a go-to underwriter for Silicon Valley, according to bankers, venture capitalists and start-ups.
The news that Morgan Stanley is "close" to leading Facebook's IPO will not sit well at Goldman Sachs. Sure, the report on Facebook's IPO said Goldman would have a "major role." But for Goldman Sachs, on IPO like Facebook, the only a... Read Post
Facebook will reportedly file for a $5 billion initial public offering today in what is expected to be the largest IPO ever to emerge from Silicon Valley... Read Post
Morgan Stanley's chairman and CEO James Gorman spoke with Maria Bartiromo today on CNBC's "The Closing Bell" following the Facebook IPO fiasco. The main takeaway is that Gorman is defending his bank's role as a lead underwriter for ... Read Post