JPMorgan creates new team to trade shares of pre-IPO giants including SpaceX, Robinhood and Airbnb

Does anyone have any additional information on this recent news?

https://www.cnbc.com/2020/09/11/jpmorgan-trade-private-shares-of-mega-start-ups-including-spacex-robinhood-and-airbnb.html

That caused institutional investors including hedge funds to ask JPMorgan to source stock in private companies, including the Elon Musk-led SpaceX, Airbnb, Robinhood, Palantir and even TikTok

I'm curious if this will be Chase owned stocks and we're investing in a fund or if it is direct investments with a middle man transaction fee.

Submitted September 12, 2020 at 10:58PM by skippybosco https://ift.tt/35v5PPt