JPMorgan pushes into private company coverage as Wall Street eyes growing opportunity

JPMorgan Chase is moving beyond traditional equity stock coverage.

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• 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 company.