S&P Global Inc. plans to spin off its Mobility business. The new entity will be an independent, publicly traded company named Mobility Global, Inc.
The Mobility unit provides automotive intelligence and data. S&P Global pursues this strategy to streamline operations and unlock shareholder value. The separation grants the unit greater autonomy.
The market reacted negatively to the announcement, which followed the division's rebranding. SPGI shares fell over 10% following the news. The decline reflects investor uncertainty regarding the future value proposition of both the core S&P Global business and the new Mobility entity post-separation.