FT News in FocusFT News in FocusFinancial Times
Why did Morgan Stanley miscalculate on Snap?

Why did Morgan Stanley miscalculate on Snap?

5 min

Morgan Stanley, the investment bank that led Snap’s $3.4bn public offering has downgraded the stock less than five months after listing it on the New York Stock Exchange. Daniel Thomas asks the FT's Hannah Kuchler what's behind the downgrade ...

Morgan Stanley, the investment bank that led Snap’s $3.4bn public offering has downgraded the stock less than five months after listing it on the New York Stock Exchange. Daniel Thomas asks the FT's Hannah Kuchler what's behind the downgrade and what it means for the tech IPO market. Music by David Sappa

Hosted on Acast. See acast.com/privacy for more information.