J.P. Morgan launches pre-IPO trading team

J.P. Morgan is looking to get into the business of trading shares of hot pre-IPO companies. The investment bank is launching a new team focused on connecting buyers and sellers in that market. The companies it has been asked to source stock from include SpaceX, Airbnb, Robinhood and TikTok. Jihan Bowes-Little, co-founder and managing partner of Bracket Capital, joins ‘Closing Bell’ to discuss.
Mon, Sep 14 20204:59 PM EDT