JPMorgan is building a small-cap M&A team to target companies valued under $500 million

The bank is hiring more than 75 bankers to advise on deals for companies valued between $100 million and $500 million

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JPMorgan $JPM Chase is forming a new investment banking team focused on small-cap companies, targeting businesses valued between $100 million and $500 million, executives said.

Middle-market companies — those with valuations of roughly $500 million to $2 billion — have been the focus of a separate JPMorgan initiative that the small-cap push is designed to complement, according to The Wall Street Journal. Annual revenue from the midcap initiative has surpassed $1 billion and is........

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