Morgan Stanley to Acquire EquityZen

October 29, 2025

Morgan Stanley has entered into an agreement to acquire EquityZen, a private-shares marketplace that connects shareholders of private companies with accredited investors. The deal is designed to strengthen Morgan Stanley’s private markets ecosystem by combining EquityZen’s issuer-aligned cap table integration and private shares marketplace with Morgan Stanley Wealth Management’s private markets offerings. The transaction is expected to close in early 2026, subject to customary regulatory approvals.

Buyers
Morgan Stanley
Targets
EquityZen
Location
United States
Transaction Type
Buyout

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