M&A as a Path to Liquidity for Founders

Morgan Stanley's Brittany Skoda discusses a founder survey showing 62% still plan for an IPO, but many are now balancing IPO ambitions with M&A as a faster path to liquidity, especially in AI and software. - IPO markets remain challenged, pushing founders to consider dual-track paths. - 62% of surveyed founders plan for an independent IPO. - M&A is increasingly viewed as a faster route to distribution and liquidity. - Morgan Stanley advises clients to broaden planning beyond just an IPO.