You can’t accuse CNBC anchor David Faber of ignoring his parent company’s fast-sliding debut on Wall Street. Faber on Wednesday reported on Versant’s IPO, which has been a dud so far after shares of ...
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Versant stock slides in its first day of trading. Here's what you need to know about the Comcast spin-off
Versant shares tumbled in their first day of trading on Monday. The group of cable channels and digital properties was spun off from Comcast last year, and includes CNBC, MS NOW and the USA Network.
Versant, Comcast's spinoff of the majority of its NBCUniversal cable network portfolio, is gearing up to go public. Versant's revenue has been on the decline in recent years. The new entity will trade ...
Shares of Versant fell more than 13% during its first day of “regular way” trading on Monday, closing at $40.57 apiece after opening at $45.17. Its separation from Comcast was finalized at 11:59 p.m.
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'It hasn't gone well': CNBC's David Faber admits parent company Versant's Wall Street debut has been a flop
You can’t accuse CNBC anchor David Faber of ignoring his parent company’s Hindenburg-esque debut on Wall Street. Faber on Wednesday admitted Versant’s IPO has been a dud so far after shares of the ...
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