Overview
S&P Global Inc. is reportedly in early discussions about separating its Capital IQ Pro platform, a component of its Market Intelligence unit, into a standalone entity that could be publicly listed. Bloomberg estimates the potential valuation of the new company in the high single‑digit billions of dollars.
Share Reaction
Following the report, S&P Global shares, which had earlier fallen in the session, rebounded and traded more than 3 % higher.
Capital IQ Pro Details
Capital IQ Pro is a software platform used by finance professionals for research and provides access to data on more than 60 million private companies. The contemplated separation would position the unit as a direct competitor to FactSet Research Systems Inc., whose market value exceeds $11 billion, and to the data division of London Stock Exchange Group Plc.
Strategic Context
The discussions occur as financial‑data providers adapt to growing artificial‑intelligence applications and heightened demand for data to train AI models. S&P Global’s chief executive officer, Martina Cheung, who has led the company since 2024, previously oversaw the July spin‑off of the automotive‑intelligence division into Mobility Global, which she said gave S&P a sharper focus on its core businesses.
Outlook
The deliberations are preliminary, and S&P Global may ultimately decide not to pursue any transaction involving Capital IQ Pro.