(CercleFinance.com) – GE HealthCare Technologies, GE’s healthcare subsidiary due to be spun off at the start of next year, will join the S&P 500 index on its first day of trading.
S&P Dow Jones Indices announced last night that the stock would enter the Wall Street benchmark on Wednesday January 4 before the opening of trading, the day following its effective separation from GE, scheduled for Tuesday January 3. January evening.
GE HealthCare is expected to replace the real estate company Vornado Realty Trust, which will be relegated to the S&P MidCap 400 index on the same date.
GE HealthCare, the medical technologies and diagnostics division of GE, recently explained that the split from GE should give it greater ‘agility’, synonymous with accelerated growth and improved profitability.
According to analysts, its market valuation might be between 21 and 22 billion dollars.
For the record, GE had formalized last year its intention to separate into three independent and listed companies, centered respectively on its activities in health, aviation and energy.
