S&P Global Inc. - SPGI STOCK NEWS

S&P Global Market Intelligence has acquired the historical Asia Pacific (APAC) transcript database, excluding Japan, from SCRIPTS Asia Inc. This strategic move broadens S&P's coverage of corporate events for over 3,200 companies in the APAC region, responding to increasing demand from investors. The newly acquired Mandarin, Cantonese, and Korean transcripts will be accessible via S&P’s platforms, including Capital IQ Pro and Snowflake. Alongside this acquisition, S&P will maintain a long-term agreement with SCRIPTS Asia K.K. for ongoing coverage of Japanese events. This development enriches S&P's capabilities in data translation and transcription, enhancing their competitive edge in the rapidly evolving natural language processing market.

S&P Global (NYSE: SPGI) released its Look Forward: Private Markets research highlighting the growing significance of private markets in the financial sector. The report notes that private equity and venture capital-backed M&A investments peaked at over $600 billion in 2021, maintaining over $400 billion in 2022 despite a 35% decrease. Private equity was pivotal in seven of the ten largest IT M&A deals in North America last year. Furthermore, $260 billion was raised for private equity funds aimed at supporting energy transitions. The research underscores the importance of understanding private markets for future business strategies amidst changing economic conditions.

On April 17, 2023, S&P Dow Jones Indices updated its domicile eligibility criteria for the U.S. Indices and Dow Jones U.S. Total Stock Market Indices methodologies. The change enhances transparency without altering domicile status for existing U.S. companies. The updated criteria specify that eligible U.S. companies must adhere to U.S. Securities Exchange Act reporting obligations, possess a significant U.S. presence in fixed assets and revenues, and have their primary listing on an eligible U.S. exchange. This clarification aims at ensuring consistent application of the domicile rules. The definition of a U.S. company can still include those with a “domicile of convenience” for tax reasons if their primary listing and operational headquarters are in the U.S. For further details, visit www.spglobal.com/spdji.

S&P Dow Jones Indices has updated its share class eligibility rules for the S&P Composite 1500 Index as of April 17, 2023. Now, companies with multiple share classes are eligible for consideration, provided they meet other criteria. Previously, such companies were excluded, which limited potential index candidates. However, tracking stocks will remain ineligible for inclusion in the S&P Composite 1500 and its component indices. This change aims to enhance the relevance of the index in evolving market conditions. Despite the modifications, there is no immediate effect on the S&P Composite 1500 Index. The eligibility rule adjustments follow a consultation period that ran from October 25, 2022, to December 15, 2022.

S&P Global Market Intelligence has expanded its Equity Bookbuild solution to Japan, marking its first geographic expansion to this significant market. This web-based utility simplifies operational and regulatory tasks for new issuance and has been utilized in the U.S. market for nearly two decades. The platform allows for real-time sharing of deal terms with a vast bank community and enhances operational efficiency. Collaboration with top Japanese investment banks has started, with domestic deals already executed and plans for joint global deals. This expansion demonstrates S&P's commitment to globalizing its solutions.

On April 17, 2023, Platts, part of S&P Global Commodity Insights, introduced nine new daily Black Mass price assessments for China and Europe. This initiative aims to enhance transparency in the battery raw materials market, marking a significant step in pricing the battery recycling supply chain. Black mass, produced from battery production offcuts or end-of-life batteries, is crucial for extracting key materials like lithium, nickel, cobalt, and manganese. The assessments provide insights into the value of recycled materials, which are projected to constitute 30% of nickel, 27% of lithium, and 40% of cobalt demand from 2020 to 2050. This development is expected to facilitate market understanding and support electrification efforts worldwide.

S&P Global Commodity Insights announced the launch of India's first price assessment for recycled polyethylene terephthalate flakes (R-PET) on April 3, 2023. This new assessment aims to improve transparency in pricing amid a rise in demand for recycled plastics. The price assessment will augment Platts' existing R-PET offerings in Europe, the U.S., and Southeast Asia. A recent market study indicated significant growth in India’s plastic recycling capacity, with exports of R-PET flakes quadrupling year-on-year to approximately 10,000 metric tons as of November 2022. The FOB South-Asia assessment will follow a rigorous pricing methodology, reflecting market values determined by buyers and sellers. This initiative is expected to enhance informed trading decisions and support growth in the South Asian recycled plastics market.

S&P Dow Jones Indices and B3 have launched two new bond indices for Brazil's domestic corporate bond market, marking a significant addition to fixed income indices. The S&P/B3 Brazil IPCA Corporate Bond Index and the S&P/B3 Brazil Liquid IPCA Corporate Bond Index will track local currency debentures linked to the IPCA, with the latter focusing on liquidity criteria. These indices aim to provide institutional investors with objective benchmarks for tax-beneficial bonds, enhancing market visibility and supporting new tradeable product creation, including ETFs. The methodology includes rules-based selection and market value weighting, ensuring appropriate liquidity representation. This initiative reinforces S&P DJI's commitment to expanding its offerings in Brazil's financial market.