Altaba’s primary assets incorporate a 15.five percent stake in Chinese e-commerce leader Alibaba Group along with a 35.five percent holding in Yahoo Japan.
Verizon closed its $4.48 billion cope with Yahoo a week ago, marking the finish from the tech pioneer like a stand-alone company online, that was once worth greater than $100 billion.
Yahoo was formally renamed Altaba on Friday. Its shares now trade underneath the symbol “AABA.”
Shares of Altaba, the holding company left out after Yahoo’s purchase of their core online business to Verizon Communications, started buying and selling around the Nasdaq on Monday.
—CNBC led to this report.