Morgan Stanley backs out of WeWork’s monster IPO after getting snubbed for the lead role

Business Insider Australia | Aug 15, 2019 at 12:45 PM
  • Morgan Stanley reportedly wasn’t ready to commit the capital due to concerns over the company’s risk profile and credit needs.
  • JPMorgan will take on the role of lead underwriter for the company’s IPO.
  • The decision to leave the WeWork offering comes after Morgan Stanley landed the top spot in Uber’s $US8.1 billion public offering – the largest IPO so far in 2019.