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JPMorgan Sees End of Startups’ ‘Private-for-Longer’ Mantra (1)

Oct. 7, 2025, 1:01 PM UTC
Jenny Surane
Jenny Surane
Bloomberg News
Tom Mackenzie
Tom Mackenzie

After years of facing requests from startups to help them stay private for longer, JPMorgan Chase & Co.’s clients are starting to sing a different tune.

“A lot of these companies that said ‘private for longer, private for longer,’ are now saying ‘private for a little bit longer - let’s start thinking about that IPO process,’” JPMorgan’s Matt Gehl said in an interview with Bloomberg Television on Tuesday. “And maybe it’s not 2026 but its probably going to be 2027 or 2028.”

WATCH:Matt Gehl, JPMorgan’s co-head of tech investment banking, discusses startups staying private for longer. Source: Bloomberg

Gehl’s comments come after a trio of recent initial public offerings are giving ...

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