03:04 PM EDT, 09/27/2024 (MT Newswires) -- Morgan Stanley ( MS ) has been picked to work on an initial public offering that connected TV advertising platform MNTN is looking to launch early next year, Bloomberg reported Friday, citing people familiar with the matter.

Details of the offering including the timing have yet to be finalized and more banks may be tapped, the report said.

A representative for Morgan Stanley ( MS ) declined Bloomberg's request for comment.

Morgan Stanley ( MS ) and MNTN, which is backed financially by BlackRock ( BLK ) , did not immediately reply to MT Newswires' requests for comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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