S&P Global completes separation of Mobility Global

Corporate Action
โดย PR Newswire·Read original
Summary · why it matters

S&P Global has completed the separation of its Mobility division into an independent public company, Mobility Global Inc., which begins trading today on the New York Stock Exchange under the ticker MBGL. The separation was achieved through a distribution of 100 percent of Mobility Global shares to S&P Global stockholders, with shareholders receiving one share of Mobility Global for each S&P Global share held as of the June 15 record date. S&P Global expects to issue recast financial information for full-year 2025 and the first quarter of 2026 on July 6. Morgan Stanley, Goldman Sachs, Citigroup, and Evercore served as financial advisors, while Davis Polk and Baker McKenzie provided legal counsel.

Impact on stocks 6

Financials · 3 stocks
Information Technology · 1 stocks
Mobility Global Inc.
MBGL
▲ PositiveCapitalrelevance

Mobility Global begins trading as an independent public company, a positive capital markets event for the new entity.

Cloud & Digital Infrastructure · 1 stocks
S&P Global Inc
SPGI
± MixedCapitalrelevance

S&P Global completed the spin-off of Mobility Global, a capital restructuring event; the impact on S&P Global is neutral as shareholders received shares in the new entity.

Digital Finance & Tokenization · 1 stocks

Off-coverage companies 2

Baker McKenziePrivate± Mixed
relevance

Davis Polk & Wardwell LLPPrivate± Mixed
relevance