Latest news with #HusseinMalik
Yahoo
19-07-2025
- Business
- Yahoo
JPMorgan pushes into private company coverage as Wall Street eyes growing opportunity
JPMorgan on Friday said its research analysts will start covering privately held companies. The shift comes amid shrinking IPOs and growing opportunity and influence in the private sector. The company's first private company research report focused on ChatGPT maker OpenAI. JPMorgan Chase is doing something it's never done before: publishing equity research on a private bank is moving beyond traditional stock coverage and is starting with OpenAI — a move that reflects how dominant private companies have become in today's markets, and how Wall Street is trying to keep up. "This new offering aims to expand our coverage and research into private companies, where we continue to see growing influence and interest from our clients," Hussein Malik, the bank's head of global research, said in an internal memo. "Importantly, private companies are becoming increasingly relevant to various industries, especially in the new economy space," said the memo, reported earlier by Bloomberg. The move comes as more company founders and boards choose to stay private longer. The median age of a private company going public has increased from 6.9 years a decade ago to 10.7 years today, according to Morningstar. A major factor behind the decline is the surge in funding for companies like OpenAI and SpaceX, fueled by the rise of private equity and venture capital. Pitchbook estimates that there are $18.7 trillion assets in private markets, including venture capital and private equity — a figure that will reach $24 trillion by the end of 2029. "With approximately 1,200 private companies in the US achieving unicorn status between 2020 and 2023—a notable increase from around 330 between 2016 and 2019—their growing influence on the economy and markets is clear," Malik said in a separate memo to clients. Malik said understanding the private markets has now become key to properly assessing publicly traded companies. "Understanding their impact is and will remain crucial for both public and private market investors to make informed investment decisions," he added. Jamie Dimon has long lamented what he has called "the diminishing role of publicly traded companies in the American financial system." In a 2023 letter to investors, he said the number of US public companies had declined to 4,300 from a peak of 7,300 in 1996. "This trend is serious and may very well increase," he said at the time, before asking, "Is this the outcome we want?" Read the original article on Business Insider Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
19-07-2025
- Business
- Yahoo
JPMorgan pushes into private company coverage as Wall Street eyes growing opportunity
JPMorgan on Friday said its research analysts will start covering privately held companies. The shift comes amid shrinking IPOs and growing opportunity and influence in the private sector. The company's first private company research report focused on ChatGPT maker OpenAI. JPMorgan Chase is doing something it's never done before: publishing equity research on a private bank is moving beyond traditional stock coverage and is starting with OpenAI — a move that reflects how dominant private companies have become in today's markets, and how Wall Street is trying to keep up. "This new offering aims to expand our coverage and research into private companies, where we continue to see growing influence and interest from our clients," Hussein Malik, the bank's head of global research, said in an internal memo. "Importantly, private companies are becoming increasingly relevant to various industries, especially in the new economy space," said the memo, reported earlier by Bloomberg. The move comes as more company founders and boards choose to stay private longer. The median age of a private company going public has increased from 6.9 years a decade ago to 10.7 years today, according to Morningstar. A major factor behind the decline is the surge in funding for companies like OpenAI and SpaceX, fueled by the rise of private equity and venture capital. Pitchbook estimates that there are $18.7 trillion assets in private markets, including venture capital and private equity — a figure that will reach $24 trillion by the end of 2029. "With approximately 1,200 private companies in the US achieving unicorn status between 2020 and 2023—a notable increase from around 330 between 2016 and 2019—their growing influence on the economy and markets is clear," Malik said in a separate memo to clients. Malik said understanding the private markets has now become key to properly assessing publicly traded companies. "Understanding their impact is and will remain crucial for both public and private market investors to make informed investment decisions," he added. Jamie Dimon has long lamented what he has called "the diminishing role of publicly traded companies in the American financial system." In a 2023 letter to investors, he said the number of US public companies had declined to 4,300 from a peak of 7,300 in 1996. "This trend is serious and may very well increase," he said at the time, before asking, "Is this the outcome we want?" Read the original article on Business Insider
Business Insider
18-07-2025
- Business
- Business Insider
JPMorgan pushes into private company coverage as Wall Street eyes growing opportunity
"This new offering aims to expand our coverage and research into private companies, where we continue to see growing influence and interest from our clients," Hussein Malik, the bank's head of global research, said in an internal memo. "Importantly, private companies are becoming increasingly relevant to various industries, especially in the new economy space," the memo said. The move comes as more company founders and boards choose to stay private longer. The median age of a private company going public has increased from 6.9 years a decade ago to 10.7 years today, according to Morningstar. A major factor behind the decline is the surge in funding for companies like OpenAI and SpaceX, fueled by the rise of private equity and venture capital. Pitchbook estimates that there are $18.7 trillion assets in private markets, including venture capital and private equity — a figure that will reach $24 trillion by the end of 2029. "With approximately 1,200 private companies in the US achieving unicorn status between 2020 and 2023—a notable increase from around 330 between 2016 and 2019—their growing influence on the economy and markets is clear," Malik said in a separate memo to clients. Malik said understanding the private markets has now become key to properly assessing publicly traded companies. "Understanding their impact is and will remain crucial for both public and private market investors to make informed investment decisions," he added. Jamie Dimon has long lamented what he has called "the diminishing role of publicly traded companies in the American financial system." In a 2023 letter to investors, he said the number of US public companies had declined to 4,300 from a peak of 7,300 in 1996.
Business Insider
18-07-2025
- Business
- Business Insider
JPMorgan pushes into private company coverage as Wall Street eyes growing opportunity
JPMorgan Chase is doing something it's never done before: publishing equity research on a private company. The bank is moving beyond traditional stock coverage and is starting with OpenAI — a move that reflects how dominant private companies have become in today's markets, and how Wall Street is trying to keep up. "This new offering aims to expand our coverage and research into private companies, where we continue to see growing influence and interest from our clients," Hussein Malik, the bank's head of global research, said in an internal memo. "Importantly, private companies are becoming increasingly relevant to various industries, especially in the new economy space," the memo said. The move comes as more company founders and boards choose to stay private longer. The median age of a private company going public has increased from 6.9 years a decade ago to 10.7 years today, according to Morningstar. A major factor behind the decline is the surge in funding for companies like OpenAI and SpaceX, fueled by the rise of private equity and venture capital. Pitchbook estimates that there are $18.7 trillion assets in private markets, including venture capital and private equity — a figure that will reach $24 trillion by the end of 2029. "With approximately 1,200 private companies in the US achieving unicorn status between 2020 and 2023—a notable increase from around 330 between 2016 and 2019—their growing influence on the economy and markets is clear," Malik said in a separate memo to clients. Malik said understanding the private markets has now become key to properly assessing publicly traded companies. "Understanding their impact is and will remain crucial for both public and private market investors to make informed investment decisions," he added. Jamie Dimon has long lamented what he has called "the diminishing role of publicly traded companies in the American financial system." In a 2023 letter to investors, he said the number of US public companies had declined to 4,300 from a peak of 7,300 in 1996. "This trend is serious and may very well increase," he said at the time, before asking, "Is this the outcome we want?"
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Business Standard
18-07-2025
- Business
- Business Standard
JPMorgan starts research coverage of top private firms like OpenAI
JPMorgan Chase has begun publishing research notes on prominent private companies transforming industries, a person familiar with the matter told Reuters on Friday. With many industry-leading private companies delaying public listings, they are attracting a growing share of investor capital, prompting institutional investors to track them more closely at earlier stages. Companies such as ChatGPT-maker OpenAI, Elon Musk's SpaceX and TikTok-parent Bytedance now hold valuations that rival or surpass several major S&P 500 firms, blurring the distinction between public and private market influence. The largest US lender released its first report on OpenAI, the company that spurred Wall Street's AI gold rush, according to an internal memo seen by Reuters. Unlike traditional research notes, these brokerage reports will not feature estimates, price targets or ratings, Hussein Malik, head of global research said in the memo, which highlighted AI and software as core areas for private company coverage. "Private companies are becoming increasingly relevant to various industries, especially in the new economy space," Malik said. "The goal of this offering is to support our investor clients by providing structured information and tracking, offering deeper insights into key disruptors and their impact on the sectors in which they operate." Institutional investors are increasingly focused on private company research and investment opportunities as these firms develop technologies that influence mature sectors, the source added. Nearly 1,500 private startups have achieved unicorn status, having raised funding at valuations above $1 billion, according to PitchBook's tracker. North America leads globally with over 1,000 unicorns, collectively valued at nearly $4 trillion. As private companies play a growing role in transforming legacy industries, Wall Street is adjusting to rising demand for insights into these influential firms, reflecting a shift in how market power is assessed.
