Morgan Stanley acted as one of three global co-ordinators on this year's biggest European listing, raising €1.3bn ($1.7bn) for Spain's Amadeus IT. The stock enjoyed a strong first day of trading and gave hope to other deals amid concerns over sovereign contagion from Greece and private equity-backed floats.

Morgan Stanley acted as global co-ordinator on the deal alongside JP Morgan and Goldman Sachs. The deal was closely watched by bankers working on the Travelport initial public offering, which was pulled in February amid a spike in volatility and which is now likely to come back to market.