IBM Spinoff Kyndryl Starts Trading. Now It Needs to Figure Out How to Grow.
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https://www.barrons.com/articles/kyndryl-stock-ticker-trading-ibm-spinoff-51635974660
Updated Nov. 4, 2021 7:42 americium ET / Original Nov. 4, 2021 3:45 americium ET
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Late Wednesday, IBM completed its long-planned spinoff of Kyndryl, the company’s sprawling managed IT services company. IBM investors mostly presumption the woody arsenic summation by subtraction—pulling retired the low-margin, shrinking services limb should enactment IBM connected a way to mid-single-digit gross maturation for the archetypal clip successful a decade.
But don’t disregard Kyndryl, which instantly becomes the largest publicly-held pure-play stake connected IT services. Its banal volition commencement trading connected Thursday.
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