JPMorgan Chase & Co.
JPMorgan's new team, Private Capital Advisory and Solutions, will offer mergers-and-acquisitions guidance while collaborating with the capital-markets division, reported The Wall Street Journal on Thursday.
The team is set to connect investors with companies seeking private capital, as well as provide advice on raising early-stage equity, preferred stock, convertible bonds, secondary funds, and other private-equity fundraising avenues, the report said.
JPMorgan is expanding its private-credit business and research coverage of private companies to stay relevant as these firms increasingly bypass big banks for capital, it added.
The bank reportedly aims to offer clients a full range of services, ensuring they choose JPMorgan regardless of the product, according to the publication.
JPM did not immediately respond to Benzinga's request for comment.
The move by JPMorgan comes at a time when the IPO market is expected to see a surge. Morgan Stanley
Additionally, Honeywell International Inc.
Despite the potential for mega IPOs, the private markets are expected to remain dominant, with even under-the-radar IPOs quietly capturing investor attention, as indicated by prediction market data. Cerebras Systems, Kraken, Databricks and Discord are few such companies that are likely to announce IPOs before 2027.
