Morgan Stanley agrees to acquire Vinyl, strengthening its IPO capabilities

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Morgan Stanley has agreed to acquire Vinyl, a fintech company that digitizes the process of transferring shares between companies and shareholders, to strengthen its tools and IPO-related capabilities for late-stage private companies. The deal is expected to close in the first quarter of 2027. The transaction amount was not disclosed, but integration will cost $65 million over several years. Vinyl will become part of Morgan Stanley’s workplace division, and the acquisition will reduce its reliance on third-party transfer agents.