JPMorgan Chase Acquires Significant Stake in Zip Co
Financial services giant JPMorgan Chase & Co. has acquired a significant stake in Australian fintech company Zip Co, holding approximately 5.11% of the company's voting power. The relevant interest totals 63,632,571 ordinary shares, acquired as part of a securities lending agreement.
The acquisition was made through several JPMorgan entities, including JPMorgan Chase Bank, N.A., which holds the largest portion with 38,952,146 ordinary shares held on loan as agent lender. Other subsidiaries holding relevant interests include J.P. Morgan Securities Australia Limited and J.P. Morgan Investment Management Inc.
The substantial holder notice was lodged by Compliance Officer Vasim Pathan on August 21, 2026, detailing the acquisition of voting power in Zip Co ordinary shares. The filing complies with Section 671B of the Corporations Act 2001.