JPMorgan pushes into private company coverage as Wall Street eyes growing opportunity
1. JPMorgan begins coverage of privately held companies, starting with OpenAI. 2. This move reflects the increasing influence of private companies in the market. 3. The trend of delayed IPOs is linked to substantial private equity funding. 4. 1,200 US private companies became unicorns from 2020 to 2023, showing growth. 5. Understanding private markets is crucial for assessing public companies' value.