Morgan Stanley is riding high on the IPO boom with 70% of the top 100 unicorns in its pipeline, CFO says

Morgan Stanley reported a 27% revenue increase to $21.3 billion in Q2, driven by investment banking and trading growth. The firm leverages corporate relationships from underwriting deals like SpaceX’s IPO to build long-term wealth management relationships, securing 70% of the top 100 unicorns in its pipeline. Record $148 billion in net new assets highlights its strategy of converting IPO clients into recurring fee-based revenue.