Why did Morgan Stanley miscalculate on Snap?
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 ...
FT News in Focus · Financial Times
July 13, 20175m 37s
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Show Notes
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
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