Phil Haslett

This year has brought a flurry of high-profile IPOs, but the new stocks have hit the market with mixed returns for early investors. Beyond Meat Inc (NASDAQ: BYND) is up more than 500% from its IPO price and MMTec Inc (NASDAQ: MTC) is up more than 300%. Uber Technologies Inc (NYSE: UBER) and LYFT...

In a recent email to investors, EquityZen's Phil Haslett revealed the methods that Morgan Stanley uses to value its pre-IPO unicorn investments. Morgan Stanley recently marked down the values of their positions in Palantir, Dropbox, FlipKart and SurveyMonkey. According to EquityZen's...