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IBM’s Managed Infrastructure Services Business Kyndryl Began Trading On NYSE Under The Symbol “KD”

By John F. Heerdink, Jr.

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.”

“The separation of Kyndryl is one of many actions we are taking to sharpen our focus on hybrid cloud and AI, leverage a portfolio clearly focused on technology and consulting, and achieve our growth objectives. We look forward to our partnership with Kyndryl as it moves forward as an independent company,” stated Arvind Krishna, IBM chairman, and chief executive officer.

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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(Read Original Story: IBM Completes the Separation of Kyndryl in Business Wire)


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