Mobility Global starts trading on NYSE after 100% spin-off from S&P

Mobility Global Inc. began trading on the New York Stock Exchange Wednesday under the ticker MBGL, after S&P Global Inc. completed the 100% distribution of its Mobility division to shareholders in a separation that took 15 months to execute.

"For over 100 years, we have had the honor of serving the automotive industry," said Bill Eager, chief executive officer of Mobility Global. "Our powerful brands — CARFAX, automotiveMastermind, Polk Automotive Solutions, and Market Scan — help people make better decisions with unique industry-leading information."

S&P Global stockholders received one share of Mobility Global common stock for every share of S&P Global common stock held as of the close of business on June 15, the record date. Fractional shares were not distributed and will be sold in the open market, with cash proceeds paid to the entitled stockholder. S&P Global expects to issue recast financial information for full-year 2025, the four quarters of 2025 and the first quarter of 2026 on July 6.

The separation positions Mobility Global to tailor its growth strategy and capital allocation specifically to the automotive data and analytics market, a sector undergoing rapid change from electrification, autonomous driving and shifting consumer behavior. The company begins with a portfolio of brands that have served the industry for more than a century, according to its filings with the Securities and Exchange Commission.

Mobility Global's board is chaired by Joe Hinrichs, a veteran of the automotive industry who previously served as president of Ford Motor Co.'s automotive operations. "The decisions facing automotive manufacturers, dealers, and suppliers today are more complex and consequential than ever before," Hinrichs said. Chief Financial Officer Matt Calderone said the company starts "from a position of financial strength, built on our powerful brands, trusted data, and deep, long-standing customer relationships."

The separation was advised by Morgan Stanley & Co. LLC, Goldman Sachs & Co. LLC, Citigroup Global Markets Inc. and Evercore Group L.L.C. on the financial side, with Davis Polk & Wardwell LLP and Baker McKenzie LLP providing legal counsel to S&P Global.

Mobility Global's portfolio includes CARFAX, the vehicle history platform used by millions of consumers and dealers; automotiveMastermind, which provides predictive analytics for auto retailers; Polk Automotive Solutions, a data and analytics provider for manufacturers; and Market Scan, a pricing and incentive analytics platform. The combined businesses serve automotive manufacturers, suppliers, dealer groups, financial institutions and media companies across global markets.

Martina Cheung, president and chief executive officer of S&P Global, said the completion of the separation "reflects the extraordinary work and dedication of the S&P Global and Mobility Global teams over the past 15 months" and that "both companies stand well-positioned for the future."

This article is for informational purposes only and does not constitute investment advice.