IAC - What Investors Need to Know About the Vimeo Spin-Off
A spin-off is when a business unit of an existing public company is separated and becomes its own public company. For example, PayPal Holdings used to be a part of eBay until it was spun off in 2015 . Spin-offs can be an interesting place to look for investment ideas, because unlike IPOs, they don't tend to attract a lot of attention or excitement.
Last year, IAC/InterActiveCorp (NASDAQ: IAC) spun off its online dating app, Match Group , which went on to perform well in its first year as a public company. Last month, IAC gave investors another spin-off to chew on with video publishing platform Vimeo (NASDAQ: VMEO) .
Given the success of Match Group, should investors pay attention to Vimeo?
For further details see:
What Investors Need to Know About the Vimeo Spin-Off