MORGAN STANLEY AT WORK
The future for Morgan Stanley at Work Due to Morgan Stanley at Work offering a unique service via the provision of a clear and managed path through both IPO offerings and private liquidity services , the future ' s looking bright . Adams explains that , very often , these processes are messy and rushed . But when a dedicated team can guide a company through the regulatory and transactional minefield , it can be an invaluable service .
Furthermore , many companies are now turning to the service because they want to be ready and prepared in the event of an IPO . Equally , though , they would like the support of an expert team when it comes to managing their private equity programmes , too .
“ If you ' re a corporate company and you ' re issuing equity to raise money or leveraging stock as part of your compensation programme then it ' s really important to continually connect the dots between your investor community , your board of directors , and your employee base ,” she says .
Adams stresses the importance of understanding the needs of different groups and elements that are going to propel the business and provide liquidity for people while still potentially scaling to be a public company , “ whether or not that ends up being the final result ”.
“ IPOs can be messy and disorganised , because there are just so many bases that need to be covered ”
“ Sometimes it ' s M & A ; sometimes it ' s staying private ; and sometimes it ' s going through an IPO process ,” Adams outlines . “ For us , I think the next 12 to 18 months are really focused on making all of that easier for corporate clients . If it ' s easier for them , then it should be a better experience for their investors and their employees .
And working with a brand like Morgan Stanley at Work for such heavyweight decisions also has its merits .”
“ Trust and reputation are a really big deal . Typically , when a company decides to embark on the path to IPO , they may only give themselves three months to manage the entire process . It can be messy and disorganised , because there are just so many bases that need to be covered . And then , once they reach the IPO , all that must be managed on the other side of the event , too . It ’ s not a process that suddenly ends when the company is public .”
In relation to this point , Adams notes that companies thinking about their route to IPO may begin preparations a good 12-months in advance to give themselves time to organise everything . She also says that many companies are using Morgan Stanley at Work to get their financial ducks in a row , so that if they do make a last-minute decision to go public , they can do so at short notice and be in their best shape .
“ It alleviates a bunch of the pressures that companies start to feel as they approach a large liquidity transaction , like a tender offer or IPO , because they have trusted partners within the Morgan Stanley at Work umbrella . You can help give people resources to make good smart decisions .”
SAM ADAMS EXECUTIVE DIRECTOR , PRIVATE TO PUBLIC STRATEGY ,
MORGAN STANLEY AT WORK
44 March 2023