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Morgen Stanley is doing the book collection prior to open, so it's almost underwritten. It will be subscribed, either way.
by neom 9y ago
Morgen Stanley is doing the book collection prior to open, so it's almost underwritten. It will be subscribed, either way.
- jonknee 9y agoFrom the document... > because Morgan Stanley is not acting as an underwriter, it will not have engaged in a book building process, and as a result, it will not be able to provide input to the DMM that is based on or informed by that process
- neom 9y agoYou're totally right, my bad. I read it as ".. as a financial advisor to be available to consult AS the designated market maker" - thanks for pointing that out. :)