Financial News

Morgan Stanley elbows out rivals for plum role in US$1.5 billion IPO relaunch: Sources

Morgan Stanley has usurped rivals including Deutsche Bank, Citigroup, Credit Suisse and Goldman Sachs to lead the relaunch of a US$1.45 billion IPO – Hong Kong’s second-largest this year – in an unusually brutal shuffling of banks’ roles on a big deal.

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