【New Stock IPO】Morgan Stanley Reports to Address Surge in IPO Transactions and Cost Control

SocialAnxietyStaker · 2026-03-11T14:33:47+00:00

The Hong Kong new stock market is active. Morgan Stanley is responding to the growth in IPO transactions by hiring contract employees to conduct listing due diligence in order to reduce costs. This approach is relatively rare in the Asian investment banking industry but can effectively enhance flexibility in meeting demand.

SocialAnxietyStaker

2026-03-11 14:33:47

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Hong Kong’s new stock market is thriving. Reports indicate that Morgan Stanley has been hiring contract employees in Hong Kong to cope with the surge in IPO transactions and control costs. Morgan Stanley declined to comment on this.

Reuters quoted sources saying that since the end of last year, the investment banking division has been hiring employees on one-year contracts to handle due diligence for listing applications. It is understood that this approximately 10-person IPO support team was established in the fourth quarter of last year to assist Chinese companies with due diligence for listings in Hong Kong and the United States.

The sources also mentioned that compared to hiring full-time staff, contract employees’ total compensation is much lower than that of regular bankers, effectively allowing the firm to handle more transactions with less money. The report described that global banks often hire temporary staff to meet rising demand or regulatory requirements, which is common practice, but it is very rare in the Asian investment banking industry.

According to Dealogic data, Morgan Stanley maintained its position as the top bookrunner in the Equity Capital Markets (ECM) in 2025, completing 132 transactions and raising $25.3 billion, excluding mainland China-listed stocks.

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