S&P Global shares rise on report of possible CapIQ spinoff

Investing.com -- S&P Global Inc. is exploring a potential spinoff of its Capital IQ Pro data and research platform, a move that could create a standalone company valued in the high single-digit billions of dollars, Bloomberg reported on Tuesday.

Shares of S&P Global reversed earlier losses and traded more than 3% higher following the report.

The company is said to be in early discussions about options for the unit, which could include establishing a publicly listed entity.

The deliberations are preliminary, and S&P Global may choose not to proceed with any transaction involving the business, commonly known as CapIQ, the report said.

Capital IQ Pro serves as a software platform for finance professionals to conduct research. The platform, part of S&P's Market Intelligence unit, provides access to data on more than 60 million private companies.

The discussions occur as financial data providers adapt to the growth of artificial intelligence and increasing demand for data to support AI models.

A separation would position CapIQ as a direct competitor to companies including FactSet Research Systems Inc., which has a market value exceeding $11 billion, and the data division of London Stock Exchange Group Plc.

S&P Global, under Chief Executive Officer Martina Cheung since 2024, has restructured portions of its operations in recent years. In July, the company spun off its automotive intelligence division into Mobility Global, which Cheung said provided S&P with "sharper focus" on its core businesses.

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