Shares in the publishing company spun off of News Corp. made their debut in Sydney, giving the new company a market value of about $8.43B, reports the Wall Street Journal. The shares are trading in Sydney on a conditional and deferred settlement basis, meaning an investor won't own the security until the split formally takes place June 28. Shares in the new company will begin trading today on a similar basis on Nasdaq.
- Stocks & Offerings
- the Wall Street Journal