2026 IPO Pricing and Performance

IPO - Pricing (22)
Morgan Stanley

Date	Company Name	Sector	Price ($)	Size (M)	1	2	3	Turnover	Gain
						UnderWriters*
Sep 18	Netskope, Inc.	Technology	19	47	MS	JPM	BMO	2.8%	18.6%
Sep 12	Black Rock Coff	Consumer Non-Durables	20	14	JPM	JEFF	MS	52.5%	37.7%
Sep 12	Gemini Space St	Finance	28	15	GS	CITI	MS	211.1%	14.3%
Sep 12	Via Transportat	Technology	46	10	GS	MS	ALLN	0%	-100%
Sep 10	Klarna Group pl	Technology	40	34	GS	JPM	MS	4.2%	15.8%
Aug 14	Miami Internati	Finance	23	15	JPM	MS	PS	5.6%	35.3%
Aug 8	Heartflow, Inc.	Health Care	19	16	JPM	MS	PS	1.3%	56.8%
Jul 31	Figma, Inc.	Technology	33	36	MS	GS	ALLN	4.8%	252.7%
Jul 31	Shoulder Innova	Health Care	15	5	MS	GS	PS	2.1%	0.1%
Jul 24	Accelerant Hold	Finance	21	34	MS	GS	BMO	4%	26.2%
Jun 18	Slide Insurance	Finance	17	24	BRCL	MS	KBW	1.5%	20.5%
Jun 12	Chime Financial	Finance	27	32	MS	GS	JPM	3.1%	37.4%
Jun 11	Voyager Technol	Capital Goods	31	12	MS	JPM	BRCL	6.7%	84.3%
Jun 6	Omada Health, I	Health Care	19	7	MS	GS	JPM	3.7%	21.3%
May 22	Hinge Health, I	Health Care	32	13	MS	BRCL	BAML	3.2%	17.3%
May 22	MNTN, Inc.	Consumer Services	16	11	MS	CITI	EVCR	5.7%	64.4%
Apr 25	Phoenix Asia Ho	Miscellaneous	4	1	MS	GS	BMO	2.8%	-8.5%
Apr 17	Chagee Holdings	Consumer Non-Durables	28	14	CITI	MS	DB	2.7%	17.9%
Mar 28	CoreWeave, Inc.	Technology	40	37	MS	JPM	GS	4%	0%
Feb 13	Aardvark Therap	Health Care	16	5	MS	BAML	CNTR	1.2%	-12.5%
Feb 13	SailPoint Techn	Technology	23	60	MS	GS	JPM	26%	-43.5%
Jan 28	Smithfield Food	Health Care	20	26	MS	BAML	GS	1.4%	-1.3%

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