S&P Global Spins Off Mobility Unit as MBGL Begins Trading Independently on NYSE
- S&P Global completed the separation of its Mobility division on July 1, with the new entity, Mobility Global Inc. (Ticker: MBGL), now trading independently on the NYSE.
- S&P Global shareholders received shares of Mobility Global as part of the distribution, marking one of the year's largest corporate spin-offs and a refocus for S&P Global on ratings, indices, and commodity insights.
- The spinoff is closely watched as a test of investor appetite for pure-play automotive data and analytics businesses amid the EV transition. (Bloomberg, S&P Global press release)