Skip to content
Subscriber Only

Morgan Stanley Dealmaker Gives Update on the State of IPO Market

Pedestrians walk near the Nasdaq MarketSite in New York, U.S., on Friday, Jan. 21, 2022.

Pedestrians walk near the Nasdaq MarketSite in New York, U.S., on Friday, Jan. 21, 2022.

Photographer: Michael Nagle/Bloomberg

Hello, Crystal here in New York. Welcome to the Bloomberg Deals newsletter’s Friday edition. We spoke to a top IPO dealmaker at Morgan Stanley about what issuers are thinking during all this volatility. We also look at another Citi divestiture in Asia and a Russian bank deal unwinding due to geopolitical risks.

Today's top stories

The IPO market is off to a slow start in 2022 around the world. In the U.S., on the back of a record year, only 37 companies, including SPACs, have gone public so far, just a third of the count at this point in 2021. It’s not going great in Europe either. I spoke to Andrew Wetenhall, co-head of ECM in Americas for Morgan Stanley about what the year will look like. — Crystal Tse