Morgan Stanley Acquires EquityZen, Industry Veterans Unveil HSA Gamified Loyalty Program

Morgan Stanley Acquires EquityZen

Morgan Stanley is acquiring private shares platform, EquityZen.

The firm says that EquityZen’s issuer-aligned model will support its efforts to deepen relationships with private companies. It will also expand access to additional liquidity options and private shares for Morgan Stanley’s Wealth clients, the firm added.

“The combination of EquityZen with Morgan Stanley will uniquely address client needs as companies stay private longer, such as delivering liquidity solutions for their employees and early investors in a seamless yet controlled process of their own design,” said Jed Finn, head of Morgan Stanley Wealth Management. “With EquityZen, we combine our cap table management solutions with a private shares marketplace to deliver end-to-end solutions to our private market company clients.”

EquityZen has over 800,000 registered users and has processed over 49,000 transactions across more than 450 private companies since inception.

“Our entire mission has been to bring ‘private markets to the public,’ and by integrating into Morgan Stanley, we will reach more investors and shareholders than ever before,” said Atish Davda, CEO of EquityZen. “When our category-leading technology and welcoming marketplace is matched with Morgan Stanley’s comprehensive suite of products, services and offerings focused on the private markets, we can create a value proposition together for issuers, shareholders and investors that is unrivaled in our space.”

The transaction is subject to customary closing conditions, including obtaining applicable regulatory approvals, and is expected to close in early 2026. EquityZen is headquartered in New York with a team of approximately 50 professionals.

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