Reportedly, International Business Machines Corporation (IBM) announced the complete separation of Kyndryl, its managed infrastructure services business starting November 4, 2021. Kyndryl to begin “regular way” trading on the New York Stock Exchange under the symbol “KD.”
Each holder of IBM common stock will receive one share of Kyndryl common stock for every five shares of IBM common stock held on October 25, 2021, which is the record date for the distribution.
Dow 30 component International Business Machines Corporation (IBM) provides information technology (IT) products and services worldwide. To learn more about International Business Machines Corp (IBM) and to track its ongoing progress please visit the Vista Partners IBM Coverage Page.
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