Deals
Facebook Role May Win Morgan Stanley IPO Lead for Third Year
This article is for subscribers only.
Morgan Stanley may cement its status as the top underwriter for U.S. initial public offerings for a third year running with its lead role on Facebook Inc.’s planned $5 billion sale.
Getting picked for the IPO, which Facebook disclosed in a regulatory filing yesterday, is a coup for Morgan Stanley and Michael Grimes, 45, a banker at the firm since 1995 who has longstanding ties to Facebook Chief Operating Officer Sheryl Sandberg, 42.