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Rating:Morningstar Opts for Auction-Style IPO Not Rated 0.0 Email Routing List Email & Route  Print Print
Monday, January 10, 2005

Morningstar Opts for Auction-Style IPO

by: Theresa Sim

Morningstar is opting to forgo selling its stock the traditional way. The fund rater is now planning an auction-style IPO, officials stated in a release.

"It is in keeping with our company philosophy of helping all investors—not just large ones," said Joe Mansueto, chairman and chief executive officer.

Lead underwriter Morgan Stanley has been swapped for WR Hambrecht + Co, officials said. 

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