BlackBerry Says Chief Objective Of Separation Is To Pursue Subsidiary IPO For IoT Business With Launch Targeted In H1 Of Next Fiscal Year
Portfolio Pulse from Benzinga Newsdesk
BlackBerry has announced its intention to separate its IoT business and pursue an IPO for it, with a launch targeted in the first half of the next fiscal year.
October 04, 2023 | 9:09 pm
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BlackBerry's announcement of an IPO for its IoT business could potentially increase investor interest and impact the company's stock price.
The announcement of an IPO often leads to increased investor interest as it represents a potential growth opportunity. This could lead to an increase in BlackBerry's stock price in the short term.
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