Morgan Stanley drops 3.4% as Accelevation IPO enters underwriting queue
Morgan Stanley (MS) fell about 3.4% to $199.14 Tuesday morning after being named in the underwriting group for Accelevation’s planned $720 million IPO.
Morgan Stanley, the investment-banking and wealth-management company, joined the underwriting group for Accelevation's planned $720 million initial public offering. 14 Tuesday morning. Accelevation plans to sell 30 million shares at $20.