"Tech IPOs Reddit and Astera Boost Morgan Stanley After Lull"

Reddit and Astera Labs broke the tech IPO drought, with Morgan Stanley leading both offerings, signaling a potential revival in the market. The IPOs brought in around $37 million in fees for the bank, providing a much-needed boost to its investment banking unit. The successful debuts of these companies could pave the way for more tech IPOs in the coming months, with potential benefits for investment banks and opportunities for follow-on offerings and acquisitions.