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

S&P Global Inc. (NYSE: SPGI) 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. According to Bloomberg, the company is 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.

Capital IQ Pro serves as a software platform for finance professionals to conduct research. Part of S&P's Market Intelligence unit, it provides access to data on more than 60 million private companies. The discussions come 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. Under Chief Executive Officer Martina Cheung since 2024, S&P Global has restructured portions of its operations in recent years, including the July spinoff of its automotive intelligence division into Mobility Global.