Today, the American Stock Exchange (AMEX) announced that it has hired Morgan Stanley (NYSE: MS) as its investment bank. AMEX plans to demutualize the exchange -- which means turning it into a for-profit organization.
In other words, it looks like the AMEX wants to do an IPO.
In light of the success of other exchange IPOs -- such as the NYSE Group (NYSE: NYX) -- it is certainly a smart move. Although, given its small size, it may mean that the exchange will ultimately merge with a bigger play.
In the meantime, why not pick-up some easy cash from the public markets?
Tom Taulli is the author of various books, including the Complete M&A Handbook and the EDGAR-Online Guide to Decoding Financial Statements.
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