S&P Global Considers Spinning Off Capital IQ Pro Platform
· Business · Economic Times
S&P Global is evaluating a potential spinout of its financial data and research platform, Capital IQ Pro, into a standalone company. The business could be valued in the high single-digit billions of dollars if the separation proceeds. Discussions remain in the early stages, and a final decision on whether to list the unit independently has not been reached. The move aims to capitalize on the increasing demand for proprietary data driven by the growth of artificial intelligence. Shares of S&P Global rose by 6.3% following reports of the potential restructuring.
Why it matters
A successful spinout would create a new competitor in the financial data sector, potentially challenging established firms like FactSet Research Systems and the London Stock Exchange Group.
Read the original report — Economic Times
Join us on Telegram
Breaking news the moment it lands. At 10,000 members we ship the Android app.