Hints and tips:
...Morgan Stanley is the lead “financial advisor” among a group that includes it, Goldman Sachs and Allen & Co, which will advise on setting an opening price on the first day of trading Based on share sales...
...(Wall Street Journal) - Goldman et al should be forced to incur losses on mistaken trades, says Myron Scholes. (Financial Times) - Samuel Brittan: Productivity matters, but it’s not everything....
...Abrahamson et al find evidence that “strategic pricing” (implicit collusion) is as strong as ever in the US IPO market....
...Its share price rose less than 5 per cent, underperforming rivals such as Morgan Stanley and Citigroup....
...From the WSJ: It turns out that some of the biggest names on Wall Street — Merrill Lynch & Co., Citigroup Inc., Deutsche Bank and UBS AG — were placing large bets against Morgan Stanley, the records indicate...
...Also featured are guest blogs from: British foreign secretary, David Miliband President of Columbia University, Lee Bollinger London School of Economics director, Sir Howard Davies Chairman of Morgan Stanley...
...The leverage game is over for the foreseeable future and not just because regulators will tell Goldman Sachs, Morgan Stanley et al to go easy on the debt as a quid pro quo for borrowing from the Federal...
...There can be little doubt that Eden et al will achieve or better the top-of-the-band pricing of $18.50-a-share....
...Deutsche Bank and Morgan Stanley have been appointed joint global co-ordinators and joint global book runners for the float....
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