Vimeo to Start its Trading Journey on Nasdaq with IAC Spin-Off

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Vimeo, the foremost 360-degree video software provider worldwide, will start its trading journey with the VMEO symbol on Nasdaq as per yoybarymarketwatch. IAC’s Vimeo interests will now be directly under the holdings of its shareholders and Vimeo is already a publicly-traded and separate entity. This is IAC’s 11th public entity, backing its model that has already generated shareholder value of more than $100 billion over the last 25 years. This started with Barry Diller taking over the reins at Silver King Communications, the processor of the entity, with a market capitalization of $250 million back in 1995.

He is currently the Chairman and Senior Executive at IAC and stated that validation is visible in the pattern while adding that the 12th one is in the offing. The CEO at IAC and Chairman at Vimeo, Joey Levin, stated that Vimeo has evolved into a flourishing and independent public entity in the manner which is advocated by IAC, while expressing his gratitude towards the brilliant team at the company. IAC’s shareholders got 1.6235 shares of VMEO stocks for each share of IAC that they held. Vimeo is the number one SaaS-based global video company, supplying offerings to almost every entity in a segment that could be valued at $70 billion by the year 2024. Vimeo is the video-based platform that empowers businesses to tap video abilities for superior communication, creations, and collaborations. It has already unveiled its latest innovative feature for enterprises called Video Library. This is an appealing, safe, and centralized video hub for all kinds of companies. CEO at Vimeo, Anjali Sud, stated that Vimeo is already catering to 200 million+ teams, professionals and companies while helping streamline the procedure of creating professional videos. She added that as an independent and public entity, there is always scope for greater future innovation, especially with regard to scaling up the entire software line-up while putting video-based abilities within reach for every global team or company.

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