Morgan Stanley elbows out rivals for plum role in $1.5 billion IPO relaunch: sources
October 22, 2019 at 22:56 PM EDT
Morgan Stanley has usurped rivals including Deutsche Bank, Citigroup, Credit Suisse and Goldman Sachs to lead the relaunch of a $1.45 billion IPO - Hong Kong's second-largest this year - in an unusually brutal shuffling of banks' roles on a big deal.