JPMorgan Chase & Co. has begun publishing research on private companies, launching the initiative with a report on artificial-intelligence developer OpenAI. The move marks a departure from the Wall Street bank’s traditional focus on publicly listed firms. The new product will provide structured information for institutional clients but will omit the ratings, price targets and earnings estimates that accompany JPMorgan’s equity research on public companies. The bank aims to meet growing investor demand for data on high-profile private businesses as an increasing share of corporate value creation takes place outside public markets.
Sources
Evan
JPMorgan is expanding research coverage to private companies Unlike traditional equity research on public firms, the new offering won’t include ratings, price targets or estimates on private companies. The goal is to provide investor clients with structured information and
Bloomberg JPMorgan is expanding research coverage to private companies in the Wall Street bank’s latest effort to capitalize on the rapidly growing field https://t.co/pkeTDUJnTJ
Market Rebellion $JPM Expands research to cover private firms including OpenAI