Ropes & Gray represented the underwriters for Morgan Stanley Direct Lending Fund’s initial public offering at $20.67 per share for 5,000,000 shares of common stock. The pricing for the IPO was announced in a Jan. 23 press release. Shares began trading on the New York Stock Exchange Jan. 24 under the symbol MSDL.
The Ropes & Gray team was led by capital markets partner Paul Tropp and asset management partner Brian McCabe.
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