S&P Global is exploring a spinout of its Capital IQ Pro data and research platform. The potential standalone entity could reach a valuation in the high single-digit billions of dollars.
Capital IQ Pro operates as a core product within the Market Intelligence division. It provides financial data and analytics to finance professionals.
Discussions remain in preliminary stages with no final decision reached. The move follows the July spin-off of S&P's automotive intelligence unit.
This strategy aims to sharpen the company's focus on primary business lines. S&P Global shares rose following reports of the potential separation.