economy
Morgan Stanley’s IPO after-party: a wealth management bonanza
Bank’s underwriting of SpaceX and other new issues generates $74bn second-quarter haul in wealth management assets
TL;DR
- Morgan Stanley's wealth management assets grew by $74 billion in the second quarter.
- This growth was driven by the bank's underwriting of new issues.
- SpaceX was among the companies whose new issues contributed to this asset increase.