JPMorgan relaxes stock lending rules to attract wealth from tech IPOs

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JPMorgan Chase has revised its longstanding lending policy to allow employees of newly public companies to borrow against their equity holdings sooner than before. The change is designed to help the bank capture wealth created by high-profile tech IPOs, including those of firms like SpaceX and Anthropic. While federal regulations mandate a minimum 30-day waiting period after an IPO, JPMorgan's previous internal policy imposed a longer pause. The updated rules give tech workers a way to access liquidity without triggering immediate tax liabilities from selling shares. The move reflects the bank's broader strategy to compete for business tied to the booming tech IPO market.

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