2025 IPO Pricing and Performance

IPO - Pricing (25)
Morgan Stanley

Date	Company Name	Sector	Price ($)	Size (M)	1	2	3	Turnover	Gain
						UnderWriters*
Dec 15	Casa Systems In	Technology	13	6	MS	BRCL		55.3%	10.8%
Nov 17	SailPoint Techn	Technology	12	20M	MS	CITI	JEFF	78.1%	8.3%
Oct 27	Nexa Resources	Basic-Industries	16	31	JPM	BMO	MS	19.9%	8.7%
Oct 20	Sea Limited	Consumer-Services	15	59	GS	MS	CS	63.7%	8.4%
Oct 19	MongoDB Inc.	Technology	24	8	MS	GS	BRCL	143.9%	33.6%
Oct 18	Qudian Inc.	Finance	24	37	MS	CS	CITI	89.3%	21.6%
Sep 28	Roku Inc.	Consumer-Services	14	15	MS	CITI		250.1%	67.9%
Sep 20	Despegar.com Co	Consumer-Services	26	12	MS	CITI		79.5%	22.2%
Sep 3	J. Jill Inc.	Consumer-Non-Durables	13	11	BAML	MS	JEFF	84.6%	-2.7%
Aug 12	Denali Therapeu	Health-Care	18	13	GS	MS	JPM	28.1%	19.2%
Jun 29	Blue Apron Hold	Consumer-Services	10	30	GS	MS	CITI	136.9%	0%
Jun 22	Altice USA Inc.	Consumer-Services	30	63	JPM	MS	CITI	49.2%	9%
Jun 4	Schneider Natio	Transportation	19	29	MS	UBS		58.2%	0%
May 25	Appian Corporat	Technology	12	6	MS	GS	BRCL	78.6%	25.1%
May 18	Bright Scholar	Consumer-Services	10.5	15	MS	DB		36.5%	27.6%
May 10	Rhythm Pharmace	Health-Care	17	7	MS	BAML	COWN	98.3%	76.5%
May 4	Hess Midstream	Energy	23	14	GS	MS	CITI	66%	11.3%
Apr 13	Warrior Met Coa	Energy	19	16	CS	CITI	MS	67.9%	-5.3%
Apr 13	Yext Inc.	Technology	11	10	MS	JPM	RBC	108%	21.9%
Apr 5	Biohaven Pharma	Health-Care	17	9	MS	PPRJ	BRCL	39.8%	2.9%
Feb 3	Snap Inc.	Technology	17	200	MS	GS		108.5%	44%
Jan 27	REV Group Inc.	Capital-Goods	22	12	GS	MS	BARD	71%	13.6%
Jan 3	Hamilton Lane I	Finance	16	11	JPM	MS		60.2%	12.6%
Jan 2	Invitation Home	Finance	20	77	JPM	BAML	MS	40%	0%
Jan 2	Laureate Educat	Consumer-Services	14	35	MS	JPM	GS	30.6%	-5.4%

* Lead manager or one of top three managers in an underwriting team.