Finance

JPMorgan invests in private stock trading venue with Palantir link amid demand for pre-IPO shares

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Zanbato Mountain View Office

Source: Zanbato

JPMorgan Chase is taking a stake in a private stock trading platform with links to Palantir to boost the bank’s efforts to connect buyers and sellers of hot pre-IPO company shares, CNBC has learned.

The bank’s investment in Zanbato, a Mountain View, California based fintech start-up, is set to be announced Monday, according to people with knowledge of the matter. Zanbato was co-founded in 2010 by Joe Lonsdale, the entrepreneur who also co-founded data analytics firm Palantir.

The move is the first in a series of investments JPMorgan may make in trading venues and exchanges that help the bank access data and prices in the burgeoning and fragmented…



Source cnbc.com

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