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Angi ( (ANGI) ) has shared an announcement.
IAC announced its plan to spin off its full ownership in Angi to IAC shareholders, making Angi a fully independent company. Joey Levin, currently the Chairman of Angi’s board, will become the Executive Chairman, working alongside CEO Jeff Kip to guide Angi’s future growth. The spin-off is expected to offer strategic benefits, allowing both IAC and Angi to focus on their specific market opportunities and leverage a more effective capital structure.
More about Angi
Angi is a leading platform in the home services industry, providing a marketplace for connecting consumers with service professionals.
YTD Price Performance: -3.70%
Average Trading Volume: 965,192
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $775.7M
Find detailed analytics on ANGI stock on TipRanks’ Stock Analysis page.
