Potential listing: Signage atop a crypto panda cryptocurrency store in Hong Kong. President Trump’s overtures have rallied the cryptocurrency markets and the big banks are preparing to move in. — Bloomberg
NEW YORK: After staying on the sidelines, some of Wall Street’s biggest banks are plotting how to win more crypto business, betting President Donald Trump’s embrace of the industry unleashes a wave of initial public offering (IPOs), share sales and convertible bonds.
Morgan Stanley, which hadn’t been a major presence in the space, is now courting potential clients for IPOs, according to people familiar with the matter.
