00:00
Growing Money
Growing Money
USD/RUB
EUR/RUB
Releases

S&P Global Completes Mobility Division Spin-Off

S&P Global has officially finalized the separation of its Mobility division, launching it as an independent public company under the name Mobility Global Inc. Shares of the new entity began regular-way trading on the New York Stock Exchange today under the ticker symbol MBGL, marking the conclusion of a 15-month transition process.

S&P Global Completes Mobility Division Spin-Off

The separation involved a distribution of 100 percent of Mobility Global shares to existing S&P Global stockholders. Investors received one share of the new company for every share held as of June 15, 2026. Any fractional shares resulting from this allocation will be sold on the open market, with proceeds distributed as cash payments to the affected shareholders. Martina Cheung, President and CEO of S&P Global, credited the successful split to the dedicated efforts of both teams, noting that the move establishes a firm foundation for the independent growth of both organizations.

To provide clarity on the post-separation landscape, S&P Global plans to release recast financial data on July 6, 2026. This report will cover the full year of 2025 and the first quarter of 2026, adjusted to reflect the new corporate structure. Financial advisory services for the transaction were provided by Morgan Stanley, Goldman Sachs, Citigroup, and Evercore, with legal counsel handled by Davis Polk & Wardwell and Baker McKenzie.

Share

Comments (0)

Leave a comment

No comments yet. Be the first!