It is looking like the newly issued shares of Allegion will be valued initially at around $15/share.I calculated the current price of IR and subtracted the IR-WI price. I anticipate a quick run to $20 since it is going into the S&P 500 on 12/1. Comments?
See ALLE-WI which was at $43.23 as of Wednesday's close. The information you are missing is you get one share of ALLE for every 3 shares of IR. Also the WI has already been bid up by those buying for index funds so I don't expect a pop. I could be wrong.