JPMorgan Chase is taking a stake in a private stock trading platform with links to Palantir to boost the bank’s efforts to connect buyers and sellers of hot pre-IPO company shares, CNBC has learned.
The bank’s investment in Zanbato, a Mountain View, California-based fintech start-up, is set to be announced Monday, according to people with knowledge of the matter. Zanbato was co-founded in 2010 by Joe Lonsdale, the entrepreneur who also co-founded data analytics firm Palantir.
