Completed Spinoffs

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  Spinoff Name Spinoff Symbol Announced Date Spinoff Date First Day Closing Spinoff Last Price Spinoff Performance Spinoff Current Volume Parent Name Parent Symbol Parent First Day Closing Parent Last Price Parent Performace Parent Current Volume Type
Vimeo VMEO 12/22/2020 05/25/2021 45.39 42.88 -5.53% 1,221,347 IAC/InterActiveCorp IAC 158.74 151.69 -4.44% 481,782 Spinoff
IAC/InterActiveCorp, spinoff details:

November 5, 2020: IAC announced it is considering a spin-off of its ownership stake in Vimeo to its shareholders.

December 22, 2020: IAC/InterActiveCorp (IAC) announced its Board of Directors has approved a plan to spin-off its full stake in Vimeo, to IAC shareholders. Upon completion, Vimeo will become an independent, separately-traded public company, the 11th such company to emerge from IAC and its predecessors. IAC plans to hold a stockholder meeting in the first quarter of 2021 to review and approve a proposal to implement the spin-off, which, if approved, is expected to occur in the second quarter of 2021.

January 25, 2021: Vimeo raised $300 million in new equity funding — giving it a valuation north of $5 billion, doubling from three months ago — ahead of parent company IAC’s planned spinoff of the video hosting and services unit.

May 14, 2021: IAC (IAC) announced that, at its stockholder meeting held, IAC stockholders voted to approve the separation of Vimeo from the remaining businesses of IAC. IAC anticipates the spin-off will be completed prior to the open of business on Tuesday, May 25, 2021, subject to the satisfaction or waiver of all closing conditions, and that Vimeo will begin trading on Nasdaq (ticker symbol "VMEO") that day.

May 25, 2021: Vimeo, the world's leading all-in-one video software solution, will begin trading on Nasdaq under the symbol (VMEO). As a result of the spin-off, IAC's interest in Vimeo is now held directly by IAC shareholders, and Vimeo is a separate, publicly-traded company.

Organon & Co. OGN 02/05/2020 03/06/2021 33.68 29.53 -12.32% 3,883,756 Merck & Co., Inc. MRK 73.91 76.19 3.08% 10,894,477 Spinoff
Merck & Co., Inc., spinoff details:

February 5, 2020: Merck (MRK), known as MSD outside the United States and Canada, announced its intention to spin-off products from its Women’s Health, trusted Legacy Brands, and Biosimilars businesses into a new, yet-to-be-named, independent, publicly traded company.

Update(s):

March 17, 2021: Merck (MRK), known as MSD outside the United States and Canada, announced that it has filed a Form 10 registration statement with the United States Securities and Exchange Commission (“SEC”) in connection with the intended spinoff of its women’s health, biosimilars and established brands businesses into a standalone, publicly-traded company, Organon. Organon will register its common stock under Section 12 of the Securities Exchange Act of 1934 .

March 30, 2021: Merck has entered a definitive agreement in which its intended spinoff Organon will acquire the commercial-stage medical device company Alydia Health for a total of up to $240m.

June 03, 2021: Merck (MRK), known as MSD outside the United States and Canada, announced it has completed the spinoff of Organon & Co. (Organon).

Technip Energies TE.PA 01/07/2021 02/16/2021 12.70 12.09 -4.80% 408,261 TechnipFMC plc FTI 8.09 9.17 13.35% 5,433,270 Splitoff
TechnipFMC plc, spinoff details:

January 7, 2021: TechnipFMC (FTI) announced the resumption of activities toward its planned separation into two industry-leading, independent, publicly traded companies: TechnipFMC, a fully integrated technology and services provider; and Technip Energies, a leading engineering and technology player. The separation would enhance TechnipFMC’s and Technip Energies’ focus on their respective strategies and provide both improved flexibility and growth opportunities, with each company uniquely positioned to capitalize on the energy transition.

February 15, 2021: TechnipFMC (FTI) announced the completion of its spin-off transaction to create two industry leading, independent, publicly traded companies, TechnipFMC and Technip Energies.

Cognyte Software Ltd. CGNT 12/04/2019 02/02/2021 28.01 23.07 -17.64% 1,545,969 Verint Systems Inc. VRNT 51.99 45.15 -13.16% 720,599 Splitoff
Verint Systems Inc., spinoff details:

December 4, 2019: Verint® Systems (VRNT) announced that its Board of Directors has unanimously approved proceeding with a plan to separate Verint into two independent companies: one of which will consist of its customer engagement business, and one of which will consist of its cyber intelligence business. Verint expects to complete the separation shortly after the end of Verint’s next fiscal year ending January 31, 2021.

February 1, 2021: Verint® Systems (VRNT), the Customer Engagement Company™, announced that it has completed the spin-off of Cognyte Software Ltd. (CGNT).

Nutrition & Biosciences merged with International Flavors & Fragrances IFF 12/15/2019 02/01/2021 130.15 149.1 14.56% 881,889 DuPont de Nemours, Inc. DD 73.14 76.84 5.06% 2,027,831 Reverse Morris Trust
DuPont de Nemours, Inc., spinoff details:

December 15, 2019: IFF (IFF) and DuPont (DD) announced that they have entered into a definitive agreement for the merger of IFF and DuPont’s Nutrition & Biosciences (N&B) business in a Reverse Morris Trust transaction.

December 31, 2020: DuPont (DD) announced the commencement of its exchange offer (split-off) whereby DuPont stockholders can elect to tender shares of DuPont common stock in exchange for shares of Nutrition & Biosciences, Inc. (“N&B”) common stock. The exchange offer is part of DuPont’s previously announced Reverse Morris Trust transaction with International Flavors & Fragrances (NYSE:IFF) (“IFF”).

February 1, 2021: DuPont (DD) announced it is completing the merger of IFF and Nutrition & Biosciences. In connection with the closing of the transaction with IFF, DuPont receives a special cash payment of about $7.3 billion, approximately $5 billion of which will be used to strengthen the balance sheet by retiring outstanding debt.

 

 

Qualtrics XM 07/26/2020 01/28/2021 45.5 36.64 -19.47% 577,877 SAP SE SAP 130.44 141.24 8.28% 562,432 Carve Out
SAP SE, spinoff details:

July 26, 2020: SAP SE (SAP) announced its intent to take Qualtrics public through an initial public offering (IPO) in the United States.

January 28, 2021: Qualtrics International raised $1.55 billion with an initial public offering that exceeded elevated expectations and priced above the high end of its estimated range Thursday. The Qualtrics IPO jumped by double digits as trading began.

January 29, 2021: Qualtrics International, the SAP (SAP) spinoff that went public Thursday, finished off the week with its stock trading at $44.00 and boasting a market valuation of $21.66 billion

  Spinoff Name Announced Date Parent Symbol
Vimeo 12/22/2020 IAC
IAC/InterActiveCorp, spinoff details:

November 5, 2020: IAC announced it is considering a spin-off of its ownership stake in Vimeo to its shareholders.

December 22, 2020: IAC/InterActiveCorp (IAC) announced its Board of Directors has approved a plan to spin-off its full stake in Vimeo, to IAC shareholders. Upon completion, Vimeo will become an independent, separately-traded public company, the 11th such company to emerge from IAC and its predecessors. IAC plans to hold a stockholder meeting in the first quarter of 2021 to review and approve a proposal to implement the spin-off, which, if approved, is expected to occur in the second quarter of 2021.

January 25, 2021: Vimeo raised $300 million in new equity funding — giving it a valuation north of $5 billion, doubling from three months ago — ahead of parent company IAC’s planned spinoff of the video hosting and services unit.

May 14, 2021: IAC (IAC) announced that, at its stockholder meeting held, IAC stockholders voted to approve the separation of Vimeo from the remaining businesses of IAC. IAC anticipates the spin-off will be completed prior to the open of business on Tuesday, May 25, 2021, subject to the satisfaction or waiver of all closing conditions, and that Vimeo will begin trading on Nasdaq (ticker symbol "VMEO") that day.

May 25, 2021: Vimeo, the world's leading all-in-one video software solution, will begin trading on Nasdaq under the symbol (VMEO). As a result of the spin-off, IAC's interest in Vimeo is now held directly by IAC shareholders, and Vimeo is a separate, publicly-traded company.

Organon & Co. 02/05/2020 MRK
Merck & Co., Inc., spinoff details:

February 5, 2020: Merck (MRK), known as MSD outside the United States and Canada, announced its intention to spin-off products from its Women’s Health, trusted Legacy Brands, and Biosimilars businesses into a new, yet-to-be-named, independent, publicly traded company.

Update(s):

March 17, 2021: Merck (MRK), known as MSD outside the United States and Canada, announced that it has filed a Form 10 registration statement with the United States Securities and Exchange Commission (“SEC”) in connection with the intended spinoff of its women’s health, biosimilars and established brands businesses into a standalone, publicly-traded company, Organon. Organon will register its common stock under Section 12 of the Securities Exchange Act of 1934 .

March 30, 2021: Merck has entered a definitive agreement in which its intended spinoff Organon will acquire the commercial-stage medical device company Alydia Health for a total of up to $240m.

June 03, 2021: Merck (MRK), known as MSD outside the United States and Canada, announced it has completed the spinoff of Organon & Co. (Organon).

Technip Energies 01/07/2021 FTI
TechnipFMC plc, spinoff details:

January 7, 2021: TechnipFMC (FTI) announced the resumption of activities toward its planned separation into two industry-leading, independent, publicly traded companies: TechnipFMC, a fully integrated technology and services provider; and Technip Energies, a leading engineering and technology player. The separation would enhance TechnipFMC’s and Technip Energies’ focus on their respective strategies and provide both improved flexibility and growth opportunities, with each company uniquely positioned to capitalize on the energy transition.

February 15, 2021: TechnipFMC (FTI) announced the completion of its spin-off transaction to create two industry leading, independent, publicly traded companies, TechnipFMC and Technip Energies.

Cognyte Software Ltd. 12/04/2019 VRNT
Verint Systems Inc., spinoff details:

December 4, 2019: Verint® Systems (VRNT) announced that its Board of Directors has unanimously approved proceeding with a plan to separate Verint into two independent companies: one of which will consist of its customer engagement business, and one of which will consist of its cyber intelligence business. Verint expects to complete the separation shortly after the end of Verint’s next fiscal year ending January 31, 2021.

February 1, 2021: Verint® Systems (VRNT), the Customer Engagement Company™, announced that it has completed the spin-off of Cognyte Software Ltd. (CGNT).

Nutrition & Biosciences merged with International Flavors & Fragrances 12/15/2019 DD
DuPont de Nemours, Inc., spinoff details:

December 15, 2019: IFF (IFF) and DuPont (DD) announced that they have entered into a definitive agreement for the merger of IFF and DuPont’s Nutrition & Biosciences (N&B) business in a Reverse Morris Trust transaction.

December 31, 2020: DuPont (DD) announced the commencement of its exchange offer (split-off) whereby DuPont stockholders can elect to tender shares of DuPont common stock in exchange for shares of Nutrition & Biosciences, Inc. (“N&B”) common stock. The exchange offer is part of DuPont’s previously announced Reverse Morris Trust transaction with International Flavors & Fragrances (NYSE:IFF) (“IFF”).

February 1, 2021: DuPont (DD) announced it is completing the merger of IFF and Nutrition & Biosciences. In connection with the closing of the transaction with IFF, DuPont receives a special cash payment of about $7.3 billion, approximately $5 billion of which will be used to strengthen the balance sheet by retiring outstanding debt.

 

 

Qualtrics 07/26/2020 SAP
SAP SE, spinoff details:

July 26, 2020: SAP SE (SAP) announced its intent to take Qualtrics public through an initial public offering (IPO) in the United States.

January 28, 2021: Qualtrics International raised $1.55 billion with an initial public offering that exceeded elevated expectations and priced above the high end of its estimated range Thursday. The Qualtrics IPO jumped by double digits as trading began.

January 29, 2021: Qualtrics International, the SAP (SAP) spinoff that went public Thursday, finished off the week with its stock trading at $44.00 and boasting a market valuation of $21.66 billion

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