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1. • $169.21

     • Current Price $169.21 Price as of June 14, 2024, 4:00 p.m. ET
     www.fool.com › investing › 2021/09/30

     What You Need to Know About IBM's $19 Billion Spinoff

2. People also ask

   What will a kyndryl spinoff look like?

   • We now know more about what that transaction will look like. IBM shareholders will receive at least 80.1% of Kyndryl's common stock when the spinoff is complete, with IBM retaining the remaining stake. IBM plans to exchange its stake in Kyndryl for IBM debt over the following 12-month period.

   What You Need to Know About IBM's $19 Billion Spinoff

   www.fool.com/investing/2021/09/30/ibm-kyndryl-spin-off/

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   Will kyndryl's profitability improve after a spin-off?

   • Kyndryl's profitability and FCF might improve after it moves past all of its restructuring and spin-off charges, but it still probably won't generate much excess cash for buybacks or dividends. After the spin-off concludes, IBM claims the "initial combined dividend" of the two companies will be "no less than IBM's pre-spin dividend per share."

   5 Things Investors Must Know About IBM's Kyndryl Spin-Off

   www.fool.com/investing/2021/10/05/things-investors-must-know-ibm-kyndryl-spin-off/

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   Will IBM spin off kyndryl?

   • IBM will spin off its managed infrastructure services unit as Kyndryl by the end of the year. Kyndryl’s standalone financials look dismal. Investors should follow IBM's lead and sell their new shares of Kyndryl once the spin-off completes. You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services.

   5 Things Investors Must Know About IBM's Kyndryl Spin-Off

   www.fool.com/investing/2021/10/05/things-investors-must-know-ibm-kyndryl-spin-off/

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   How many kyndryl shares do IBM shareholders receive?

   • IBM shareholders of record as of October 25, 2021, received one share of Kyndryl common stock for every five shares of IBM common stock held on that date.

   Spin-off Information | Kyndryl, Inc

   investors.kyndryl.com/shareholder-resources/spinoff-information

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3. investors.kyndryl.com › spinoff-informationSpin-off Information | Kyndryl, Inc.

   investors.kyndryl.com › spinoff-information

   • Cached

   Kyndryl Holdings, Inc. (“Kyndryl”) was recently spun off from International Business Machines Corporation (“IBM”), with IBM distributing 80.1% of its Kyndryl shares to IBM shareholders on November 3, 2021 (the “Distribution”).

4. Kyndryl Holdings, Inc.

   NYSE: KD

   25.58

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   +0.17 (+0.67%)

   At close: Thu. Jun 20, 2024 4:00 PM EDT · Delayed Quote (USD) · Pre-Market Time

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   • Open	25.59
     High	25.95
     Low	25.33

   • Mkt Cap	5.9B
     P/E (TTM)	N/A
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   • Prev. Close	25.41
     52 Wk. Low	11.92
     52 Wk. High	28.60

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5. www.fool.com › 2021/09/30 › ibm-kyndryl-spin-offWhat You Need to Know About IBM's $19 Billion Spinoff

   www.fool.com › 2021/09/30 › ibm-kyndryl-spin-off

   • Cached

   • IBM Shareholders Will Become Kyndryl Shareholders
   • Kyndryl Will Be A $19 Billion Behemoth in A Massive Industry
   • Kyndryl Is Free Cash Flow Positive If You Make Some Adjustments
   • IBM Will Be Smaller But Have Higher Margins
   • IBM Will Be Focused on The Hybrid Cloud

   The plan has always been for IBM to distribute shares of Kyndryl to its shareholders in a tax-free transaction. We now know more about what that transaction will look like. IBM shareholders will receive at least 80.1% of Kyndryl's common stock when the spinoff is complete, with IBM retaining the remaining stake. IBM plans to exchange its stake in K...

   See full list on fool.com

   Kyndryl is already a major player in the realm of designing, building, managing, and modernizing mission-critical technology systems. The company has 4,000 customers in more than 100 countries, and it generated $19.4 billion of revenue in 2020. Kyndryl estimates that its current addressable market is $415 billion. That market is expected to grow by...

   See full list on fool.com

   Measuring the profitability of a business that's still part of a larger parent company can be difficult. On an unadjusted basis, Kyndryl produced a pre-tax loss of $1.8 billion and a free cash flow loss of $0.3 billion in 2020. These numbers don't necessarily reflect how Kyndryl will perform once it's officially a stand-alone company. Among other t...

   See full list on fool.com

   IBM is giving up around $19 billion of annual revenue by spinning off Kyndryl, but it's not giving up all that much free cash flow. IBM reported revenue of $73.6 billion and free cash flow of $10.8 billion in 2020. Excluding Kyndryl, revenue would have been $57.5 billion and free cash flow would have been around $10 billion. IBM will provide more d...

   See full list on fool.com

   While Kyndryl has a large market opportunity, managed infrastructure services is a labor-intensive business. Kyndryl will have around 90,000 employees, so revenue per employee will be just over $200,000. That's lower than Walmart, for comparison. What remains of IBM will be less focused on low-margin services and more focused on high-margin softwar...

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6. www.marketwatch.com › investing › stockKD Stock Price | Kyndryl Holdings Inc. Stock Quote (U.S ...

   www.marketwatch.com › investing › stock

   Jun 10, 2024 · KD | Complete Kyndryl Holdings Inc. stock news by MarketWatch. View real-time stock prices and stock quotes for a full financial overview.

7. www.barrons.com › articles › kyndryl-earnings-stockKyndryl Stock Is on Track for Record Day. IBM Spinoff Is ...

   www.barrons.com › articles › kyndryl-earnings-stock

   May 8, 2024 · Kyndryl Holdings, the IT services infrastructure provider, posted better-than-expected quarterly results and guidance for fiscal 2025 that topped estimates.

8. www.msn.com › en-us › moneyKyndryl Stock Is on Track for Record Day. IBM Spinoff Is ...

   www.msn.com › en-us › money

   Kyndryl Holdings, the IT services infrastructure provider, posted better-than-expected quarterly results and guidance for fiscal 2025 that topped estimates. In afternoon trading Kyndryl shares were...

9. www.fool.com › investing › 2021/10/055 Things Investors Must Know About IBM's Kyndryl Spin-Off

   www.fool.com › investing › 2021/10/05

   • Cached

   Oct 5, 2021 · IBM will spin off its managed infrastructure services unit as Kyndryl by the end of the year. Kyndryl’s standalone financials look dismal. Investors should follow IBM's lead and sell their new...

10. stockanalysis.com › stocks › kdKyndryl Holdings, Inc. (KD) Stock Price, Quote & News - Stock ...

    stockanalysis.com › stocks › kd

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    3 days ago · Get a real-time Kyndryl Holdings, Inc. (KD) stock price quote with breaking news, financials, statistics, charts and more.