6 days ago
JPMorgan's OpenAI Coverage Is Just the Start
Wall Street banks are initiating research on private companies to get a slice of lucrative secondary sales.
Save
The trickle will soon be a flood.
Wall Street banks are starting to cover firms that are not publicly traded. JPMorgan Chase & Co. kicked off the trend with a report on OpenAI Inc. Citigroup Inc. followed suit a week later with a list of roughly 100 large private companies it will focus on, predominantly in the tech sector.
