FactSet Insight: Spinoffs Suddenly Popular on Wall Street: Deal Flow Higher Year-on-Year
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What a difference a year makes in the capital markets. November 2021 was perhaps the height of speculation with many stocks and cryptocurrencies notching new all-time highs while interest rates were stable and IPOs were plentiful. Fast-forward to today, though, and it’s big news when an exciting IPO prices and celebrates its first day of trading on the secondary market.
- Several blue-chip U.S. companies have completed or announced plans to spin off units
- The corporate move comes as the initial price offering (IPO) market remains cold as year-end approaches
- There have been key spinoffs in the chip space, healthcare arena, and transportation industry