According to a statement on March 4th, Morgan Stanley's wealth management department is providing clients with the opportunity to trade their stocks before the company goes public, given that an increasing number of startups considering initial public offerings are staying unlisted for a longer period of time. The private equity trading department of the bank will assist Morgan Stanley Wealth Management clients in seeking investments in the highly diversified and opaque non-public offering stock market. The statement shows that stocks of over 1000 so-called unicorn companies are not open to the public.