Morgan Stanley agreed to buy a trading platform for shares in private companies, the latest move by Wall Street to expand offerings for fast-growing startups. The deal for EquityZen will make it easier for clients of Morgan Stanley's wealth business to invest in private firms or offload the shares they're awarded as part of their equity compensation.
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“Our entire mission has been to bring private markets to the public,” EquityZen CEO Atish Davda said in the statement. “By integrating into Morgan Stanley, we will reach more investors and shareholders than ever before.”
