S&P Global explores spinoff of Capital IQ Pro

Corporate Action

โดย Investing.com·

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S&P Global Inc. is exploring a potential spinoff of its Capital IQ Pro data and research platform, a move that could create a standalone company valued in the high single-digit billions of dollars, Bloomberg reported on Tuesday. Shares of S&P Global reversed earlier losses and traded more than 3% higher following the report. The company is said to be in early discussions about options for the unit, which could include establishing a publicly listed entity. The deliberations are preliminary, and S&P Global may choose not to proceed with any transaction involving the business, commonly known as CapIQ. Capital IQ Pro serves as a software platform for finance professionals to conduct research, providing access to data on more than 60 million private companies. A separation would position CapIQ as a direct competitor to companies including FactSet Research Systems Inc., which has a market value exceeding $11 billion, and the data division of London Stock Exchange Group Plc. S&P Global, under Chief Executive Officer Martina Cheung since 2024, has restructured portions of its operations in recent years, including the July spinoff of its automotive intelligence division into Mobility Global.