The GE HealthCare spinoff General Electric is going to be a big event for the company, and investors, in the new year. Shares begin trading, officially, on Jan. 4. Some are trading now too and the price is a surprise.
GE HealthCare stock, which will trade under the stock symbol “GEHC,” has started to trade on a “when issued” basis. That essentially means when the shareholders of General Electric (ticker: GE) have already sold the shares of GEHC they will receive in the spin. those GHEC shares will get delivered to the new owners when they are issued in January.
Source: finance.yahoo.com
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