Xylem debuts with $4.4bn market cap
- From: Vol 12, Issue 10 (October 2011)
- Category: General
- Region: Americas
- Country: United States
- Related Companies: ITT and Xylem
ITT’s water spin-off will start regular trading on NYSE on 1st November.
Shares in Xylem Inc., the water technology and services business spun out from ITT Corporation, closed their first day’s trading as a “when issued” stock on NYSE at $24.25, valuing the company’s equity at around $4 4 billion.
In a key test of investor appetite ahead of the spin-off, Xylem priced its inaugural $1.2 billion bond ...
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