> The factors you've mentioned should have been already priced by Morgan in the opening price proposal (low share supply, low interest rates etc). They are reas

> The factors you've mentioned should have been already priced by Morgan in the opening price proposal (low share supply, low interest rates etc). They are reasons which justify why the shares traded so high, which in turn proves that it was foreseeable by Morgan to know that. Hindsight's 20/20. We could just as easily be sitting here weighing up all the information Morgan Stanley had that should have told them not to give such a high valuation.